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Massachusetts sues H&R Block over mortgages to minorities

posted 31 weeks ago on Blown Mortgage

The headline is straight from Yahoo! News because I don't think there's a better way to say it.  Massachusetts is suing H&R Block for Option One Mortgage's lending practices.  Option One is owned by H&R Block.  It will be interesting to see how this plays out and whether it sets the precedent for future legal action against lenders and brokers. From the article: Massachusetts authorities sued H&R Block Inc on Tuesday, charging that its mortgage unit discriminated against black and Latino borrowers and escalated a crisis over property foreclosures in the state. The lawsuit is the first by a U.S. state to accuse a subprime-mortgage lender of civil rights violations following a wave of foreclosures of homes in poor, often black, neighborho

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