In the News

In a related, but unrelated matter, PRIME LENDING, a national mortgage lender with 168 offices in 32 states. has agreed to pay $2 million to resolve allegations that it engaged in a pattern or practice of discrimination against African- American borrowers between 2006 and 2009. The settlement comes after the Department of Justice filed a complaint that PRIME, with headquarters in Dallas, violated the federal Fair Housing Act and Equal Credit Opportunity Act by charging African- American borrowers higher prices on retail loans made through Prime Lending's branch offices. "Prime Lending cooperated fully with the Justice Department's investigation into it's lending practices and agreed to settle this matter without contested litigation"

http://www.justice.gov/opa/pr/2010/December/10-crt-1406.html