GFI Mortgage To Pay $3.6M To End Loan Race Bias Claims

By Sindhu Sundar (August 28, 2012, 7:54 PM EDT) -- GFI Mortgage Bankers Inc. will pay $3.6 million to settle allegations that it discriminated against qualified African-American and Hispanic borrowers by charging them higher interest rates and fees than their white counterparts, the U.S. Department of Justice said Tuesday....

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