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Tuesday, May 21, 2024 | Back issues
Courthouse News Service Courthouse News Service

Home Mortgages

Wells Fargo Home Mortgage and America's Servicing Co. promised to give homeowners lower rates by refinancing, but stuck them with higher, sub-prime rates, a class-action complaint claims in Chicago Federal Court.

A class-action complaint in Chicago Federal Court accuses these banks of discriminating against minorities in home lending: Illinois Mortgage Funding Corp., WMC Mortgage Corp., Chase Home Finance LLC, and Barclays Capital Real Estate Inc. dba HomEq Servicing.

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