The Traderszone Network

Published in TZ Latest News 15 August, 2016 by The TZ Newswire Staff

Nonprofit sues federal government, Lone Star over mortgage foreclosures

A nonprofit representing low-income New Yorkers filed a lawsuit against the federal department of housing and urban development and private fund manager Lone Star Funds, alleging racial bias in their handling of foreclosures. The group, MFY Legal Services, claims that the authority’s practice of selling delinquent mortgages to private investors disproportionately hurts black homeowners.

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