Wells Fargo Pays Up to Settle Complaint of Discrimination in Its Treatment of REO Properties in White, Minority Areas
June 13, 2013
The Department of Housing and Urban Development has announced the first-ever settlement regarding the treatment of real estate-owned properties in minority neighborhoods. Under an agreement with HUD, the National Fair Housing Alliance and several other fair housing organizations, Wells Fargo will invest a total of $39 million in 45 communities to support neighborhood stabilization and property rehabilitation in minority neighborhoods. The settlement stemmed...