Squeeze Play: Despite Dubious Data, Banks Inclined to Settle Racial Discrimination Claims
Even though the reports rely on comparisons such as a $669,000 foreclosed house in a white neighborhood to one listed for $35,000 in a minority community, banks are eager to settle untested racial discrimination charges surrounding the upkeep of foreclosed homes, such as the $42 million deal HUD worked out between Wells Fargo and the National Fair Housing Alliance. [12/4]