Groundbreaking ruling? Federal jury finds Emigrant Bank liable for predatory lending

In what the plaintiffs’ attorneys are calling a “first of its kind” decision, a federal jury in Brooklyn ruled this week that Emigrant Savings Bank and Emigrant #mortgage Company engaged in predatory lending by “aggressively marketing toxic #mortgages to Black and Latino homeowners with poor credit” in the run-up to the housing crisis. http://www.housingwire.com/articles/37419-groundbreaking-ruling-federal-jury-finds-emigrant-bank-liable-for-predatory-lending ❤️ #share #mortgage

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