0 minute readA federal court has thrown out a class-action lawsuit filed against Dallas-based Centex and other builders in California. Bloomfield Hills, Mich.-based PulteGroup, the parent company of Centex, announced the news Wednesday. In the suit, plaintiffs accused Centex of engaging in lending and building practices that contributed to the national mortgage crisis. PulteGroup said the court’s ruling indicated that the claims were too speculative and that factors beyond the home building industry contributed to the financial crisis.
Diana Golobay was a reporter with HousingWire through mid-2010, providing wide-ranging coverage of the U.S. financial crisis. She has since moved onto other roles as a writer and editor.see full bio
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Exclusive: House Democrat reintroduces bill targeting mortgage credit access
The reintroduced legislation would require lenders to use consumer-permissioned data, rental and bank records, for applicants who request it.
Diana Golobay was a reporter with HousingWire through mid-2010, providing wide-ranging coverage of the U.S. financial crisis. She has since moved onto other roles as a writer and editor.see full bio
