Wells Fargo Racial Disparity Case Heads to Class Action Decision [Yahoo! Finance]
Federal National Mortgage Association (FNMA)
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Source: Yahoo! Finance
applicants gets class-action status, a key turning point in a high-profile and potentially costly case. Most Read from Bloomberg Hunter Biden Convicted of Gun Charges by Jury in Delaware Apple Hits Record After Introducing ‘AI for the Rest of Us' Dozens of CVS Generic Drug Recalls Expose Link to Tainted Factories Pimco Warns of More Regional Bank Failures on Property Pain Fed's Higher-for-Longer Stance Hits Firms That Expected Rate Cut The bank, which was long the biggest US mortgage lender until a recent pullback under Chief Executive Officer Charlie Scharf, has asked a federal judge in California to deny the motion the plaintiffs filed earlier this year. The case consolidates a number of lawsuits brought before and after Bloomberg News reported in 2022 that Wells Fargo rejected a majority of Black homeowners who applied to refinance mortgages in 2020, the only big bank to deny more Black applicants than it accepted. At the heart of the case is a dispute over a credit
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FNMA
News
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- Supporting Sustainable Homeownership Through Housing Finance Agency Partnerships [Yahoo! Finance]Yahoo! Finance
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- Sky-high home prices put homeownership beyond most people's reach. What's so wrong with renting? [Yahoo! Finance]Yahoo! Finance
- Greystone Provides $29 Million in HUD-Insured Financing for Skilled Nursing Facility in Tucson, Arizona [Yahoo! Finance]Yahoo! Finance
FNMA
Sec Filings
- 6/13/24 - Form 8-K
- 5/20/24 - Form 3
- 5/14/24 - Form 3
- FNMA's page on the SEC website