LoanDepot.com LLC and Appraisal Management Services of America, Inc. have agreed to pay more than $240,000 for allegedly refusing to refinance loans because of race and the location of homes on Native American lands.
The U.S. Department of Housing and Urban Development (HUD) has approved a conciliation agreement resolving claims brought by three homeowners, a couple and an individual, against the companies.
Read on for details from the agreement.
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