Can Miami Convince The Supreme Court That Subprime Loans Hurt Cities, Too?
Into the aftermath associated with housing crisis of 2008, big banks such as for instance Wells Fargo shelled away vast sums of bucks to black colored and Latino borrowers whom stated they certainly were steered into higher-risk, higher-fee loans than were white borrowers whom provided the credit risk that is same. However these specific property owners weren’t the sole people suffering from the foreclosures that left whole areas packed with empty, boarded-up homes.
