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Another lender settles redlining accusations with DOJ

Housing Wire

The DOJ said that all of Lakeland’s branches were located in majority-white neighborhoods and that its loan officers did not serve the credit needs of Black and Hispanic neighborhoods in and around Newark. Lakeland, a community bank, operates 68 branches in northern New Jersey and in New York’s Hudson Valley.

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Opinion: Why we need a mortgage rate reset

Housing Wire

Multiple crops per year: Move-up buyers and refinancing. What if that one loan turned into three to six loans? They went to their bank and get a 30-year fixed rate loan. By 2004, they heard they could refinance, possibly get some cash out. Some went risky with a popular ARM loan and got a 6.5%

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