Suit Alleges Countrywide Discriminated With Loans
Countrywide's pricing policy allows for “unchecked, subjective surcharges and additional points and fees to an otherwise objective risk-based financing rate,” according to the suit. That is, after the company arrives at a financing rate based on objective criteria like borrowers' credit histories, it may add further charges at its brokers' discretion.
“These subjective, additional charges...
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