Can Miami Convince The Supreme Court That Subprime Loans Hurt Cities, Too?

Can Miami Convince The Supreme Court That Subprime Loans Hurt Cities, Too?

Into the aftermath of this housing crisis of 2008, big banking institutions such as for instance Wells Fargo shelled down billions of bucks to black colored and Latino borrowers whom reported these were steered into higher-risk, higher-fee loans than were white borrowers whom presented the credit risk that is same. However these specific property owners weren’t the actual only real ones impacted by the foreclosures that left whole communities https://carolinapaydayloans.net high in empty, boarded-up homes.

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