JPMorgan has officially settled allegations that it charged higher interest rates to minority borrowers
The CFPB hit both CitiFinancial and CitiMortgage with fines, saying the servicers kept borrowers in the dark about ways to avoid foreclosure
Despite the delicacy of it all, it’s hard to ignore the sound of a bubble bursting. With the remaining dam holding back a recession thoroughly broken in 2008, the myriad economic factors waiting to sink the housing market burst through and turned the economy into a much bleaker place for real estate investors. This sort of rising tide, it seems, puts us all underwater equally.