N.Y.’s Spitzer probes mortgage practices
New York Attorney General Eliot Spitzer is questioning some of the nation’s biggest banks in an investigation of potential discriminatory practices in setting mortgage rates and fees.
“We are looking at the HMDA (Home Mortgage Disclosure Act) data and other information that would help us understand how the loans are being priced and whether or not they are justified by legitimate business practices,” said Spitzer spokeswoman Juanita Scarlett.
