Government Trying to Repay 200,000 Minority Borrowers


By Bonnie Kavoussi

The government would like to repay more than 200,000 minority borrowers
who allegedly paid unfairly high interest rates and fees on mortgages, but first the government needs to find them.

After a historic $335 million settlement with Bank of America's Countrywide unit -- the largest housing discrimination settlement in American history -- the Department of Justice is searching for more than 210,000 minority borrowers whom Countrywide allegedly charged higher interest rates and fees in the lead-up to the housing crisis between 2004 and 2008, according to The Wall Street Journal.

Read the full story on The Huffington Post.


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