Predatory Lending

Supreme Court to Take Up Federal Preemption, Mortgages 

Late Friday, the United State Supreme Court said it will hear a case that may have far more import for the mortgage banking community than most might realize upon first glance; Dow Jones reported after market close that the SCOTUS had agreed to consider whether the New York attorney general’s office has the power to investigate whether some national banks have engaged in discriminatory mortgage lending in the state.