New York Begins Inquiry Into Possible Mortgage Bias

Article Abstract:

New York attorney general, Eliot Spitzer, has begun an investigation into the possibly discriminatory practices of mortgage banks and brokers. The investigation is looking at data to determine if minority borrowers paid higher interest rates that whites with similar credit histories.

Commercial Banks, Financial Services, Finance and Insurance, DEPOSITORY INSTITUTIONS, Services information, New York, Banking industry, Financial services industry, Services, HSBC Holdings PLC, Washington Mutual Inc., Citigroup Inc., Minorities as consumers, Minority consumers, C, Wells Fargo & Co., Discrimination in consumer credit, Credit discrimination, WFC, Mortgage brokers, Spitzer, Eliot

---

Chief Is Ousted At Fannie Mae Under Pressure

Article Abstract:

Franklin D. Raines, chairman and chief executive of mortgage bank Fannie Mae, has left under pressure from the board of directors. An investigation by The Office of Federal Housing Enterprise Oversight found accounting rule violations and demanded changes in the management.

Executive changes & profiles, Mortgage Bankers, Real Estate Credit, Capital funds & cash flow, Officials and employees, Accounting and auditing, Behavior, Appointments, resignations and dismissals, FNM, Chief executive officers, Mortgage banks, Accounting procedures, United States. Department of Housing and Urban Development. Office of Federal Housing Enterprise Oversight, Federal National Mortgage Association, Raines, Franklin

---

Similar abstracts:

• Abstracts: S.E.C. Inquires Into Pension Accounting at Ford and G.M. One State Talks About Shifting Out of Pensions. Budget Use Of Pensions Sows Trouble In San Diego
• Abstracts: Tax Break Bringing Businesses, And Fraud, to the Virgin Islands. I.R.S. Audits More of the Wealthy and Fewer Small Companies
• Abstracts: Control That Was Maybe Too Remote. Fannie Mae Shake-Up Puts 2 Board Members in Top Posts. Overseer Says Fannie Mae May Be Due For Shake-Up
• Abstracts: Lies and the Lying C.E.O.'s Who Tell Them. European Commission Is Expected to Rule That AstraZeneca Abused Patent
• Abstracts: If Airlines Are in Trouble, Why Is Wall Street Bullish? Foreign Automakers, Settled in South, Set Industry's Pace

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.