1. The Department of Justice (DOJ) is continuing to find cases of lenders steering minority borrowers into higher cost loans three years after the agency forced several large banks into landmark settlements, cracking down on the practice. A top official from the DOJ’s civil rights division recently opined that there are still lenders who are.
1. A federal appeals court on Tuesday revived three lawsuits in which the City of Miami accused Bank of America Corp and Citigroup Inc of predatory mortgage lending. The court determined that a lower court erred in dismissing the city’s claims under the federal Fair Housing Act (FHA). Miami had accused the banks of steering.