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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 against African Americans and Hispanics because row houses valued at less than $100,000 are more heavily concentrated in minority neighborhoods, the National Community Reinvestment Coalition alleged. SouthStar was also accused of refusing to back loans on any row houses in Baltimore, where about two-thirds of row houses are located in African American and Hispanic neighborhoods. The U.S. Department of Housing and Urban Development investigated NCRC's complaint and negotiated a settlement with SouthStar. SouthStar agreed...