Discrimination Suit Against Subprime Mortgage Lender Remanded to State Court
Subprime mortgage lender Option One Mortgage Corp. and former parent company H&R Block will face a groundbreaking discrimination case over its lending practices to blacks and Latinos in Massachusetts state court instead of its preferred venue, federal court. The Massachusetts attorney general's office filed the lawsuit against Option and H&R Block for allegedly selling predatory loan products to black and Latino borrowers in Massachusetts and charging them higher fees than similarly situated white buyers.
