loanDepot.com LLC and an appraisal management company have reached an agreement to settle claims that borrowers were discriminated against because their properties were located on Indian reservations.
A North Dakota couple and a California homeowner both filed complaints last year with the Department of Housing and Urban Development claiming they were discriminated against because of their race.
In both cases, the homeowners applied to refinance their properties which were located on American Indian Reservations. The houses were owned in fee simple.
Source: Mortgage Daily
