NAACP discrimination suit names out-of-state home lenders (The Greenville News) All defendants in a lawsuit by the NAACP alleging that mortgage lenders have racially discriminated against thousands of black people in South Carolina are out-of-state lenders, said Lloyd Hendrix, president and chief executive of the South Carolina Bankers Association.
Schwarzenegger backs mortgage default warning bill (Reuters via Yahoo! News) Amid a surge in foreclosures in California, Gov. Arnold Schwarzenegger threw his support behind a bill on Wednesday that would require mortgage lenders to give a 30-day notice to borrowers falling behind on payments before filing default notices.
NAACP members allege loan bias (Colorado Springs Gazette) About 20 members of the Colorado Springs branch of the NAACP on Wednesday called on some of the nation's largest mortgage lenders to eliminate discriminatory lending practices and "make amends" for such discrimination against black borrowers.
DEBT: Bankruptcy filings continue steep rise (North County Times) Consumers are filing for bankruptcy at the fastest rate since a new set of laws took effect, as mortgage lenders and credit card companies grapple with a growing mound of bad debt, court officials and North County attorneys said this week.
