NAACP Urges Homeowners to Join Suit Over Unfair Lending

Ovetta Wiggins, Washington Post

- The Prince George’s County branch of the NAACP is urging homeowners who think they have been victims of mortgage discrimination to contact the organization to become part of a federal lawsuit against lenders and banks.

The NAACP sued 17 of the country’s largest lenders last year, alleging discriminatory practices. The first hearing in the lawsuit is scheduled for the end of this month, NAACP officials said.

“The NAACP has compiled evidence which proves that when credit, income and other qualifications were equal, many African Americans received less favorable loan terms than similar-situated borrowers,” said June White Dillard, president of the county branch.

Click here for more…