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Texas-based housing developer accused of targeting Hispanic borrowers in predatory lending scheme, lawsuit says

Por: CBS News Politics December 20, 2023

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Washington — A Texas-based housing developer and mortgage lender is accused of targeting members of the Houston area's Hispanic community by offering loans to people who could not pay them back, selling them land in disrepair and taking advantage of language barriers.Prosecutors allege Colony Ridge Development, LLC, and its subsidiaries carried out a predatory lending scheme in which foreclosures were part of the business model, according... + full article



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