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Newspaper: High mortgage rates four times more likely for blacks (Reg Req'd) Blacks who bought homes across America last year were four times more likely than whites to get high interest rates for mortgage loans, The Charlotte Observer reported Sunday.read more...
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A Newport Coast man pleaded guilty Monday to fraudulently obtaining mortgage loans that went into default and caused more than $2.7 million in losses to the federal government and commercial lenders, prosecutors said.
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