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Study: Wealth no protection from discriminatory lending

By Matt Carter, Thursday, July 31, 2008.

An analysis of mortgage lending patterns in 2006 reveals that minorities were more likely to get high-cost loans than whites, and that the problem was even more pronounced as income levels increased.  more...

Real estate firm charged with racial discrimination Premium Content

By Glenn Roberts Jr., Thursday, July 31, 2008.

The U.S. Department of Justice has filed a lawsuit on behalf of a fair-housing organization, charging a RE/MAX brokerage and an affiliated agent in northern Illinois with housing discrimination.

The lawsuit, filed July 18 in U.S. District Court in the Northern District of Illinois, charges that testing conducted by the National Fair Housing Alliance revealed discrimination based on race and national origin.  more...

Loan servicers rewarded with double pay

By Inman News, Thursday, July 31, 2008.

Freddie Mac offers carrots for short sales, loan workouts  more...

Mercury Cos. exits three states Premium Content

By Matt Carter, Thursday, July 31, 2008.

Mercury Companies Inc. is closing down its title and escrow subsidiaries in California, Texas and Arizona, after the Colorado-based company was denied additional credit by lenders.

In California, Mercury subsidiary Financial Title Co., a title and escrow service provider with 57 offices in 10 counties, closed its doors Wednesday much the way sister company Alliance Title did in December -- abruptly, and with little warning to employees, clients or regulators.  more...

Workouts let thousands keep their homes

By Inman News, Thursday, July 31, 2008.

Loan servicers report record workouts
The HOPE NOW coalition of mortgage loan servicers engaged in a record number of workouts with borrowers facing foreclosure in June and the second quarter of 2008, the group said today. Servicers completed more than 181,000 workouts in June and 522,000 in the second quarter -- loans that otherwise would have gone into foreclosure, the group said.  more...