Industry News

Lender’s policy on row houses discriminatory, group alleges

SouthStar Funding agrees to pay $500,000, change policy
Published on Sep 26, 2006

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by CareyBot

A mortgage lender that allegedly discriminated against minorities by refusing to make loans on row houses valued at less than $100,000 has agreed to end the practice and pay a non-profit group $500,000. Atlanta-based SouthStar Funding LLC’s lending policies discriminated ...