Tag Archives: risk based lending

Federal Reserve Reports African Americans High Risk

May 31, 2012

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From Think Big Work Small – Wells Fargo settled for $400 million for REVERSE REDLINING! This is what is wrong with the housing/lending market. Banks and lenders have historically lent money setting an interest rate based on risk. This is good business. The case against Wells Fargo was erroneous, since African Americans constituted a majority […]

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