General Electric has agreed to pay $1.5 billion to the U.S. Justice Department over allegations that one of its subsidiary businesses made misrepresentations related to subprime lending. The Justice Department announced the agreement Friday, saying in a statement that General Electric subsidiary WMC Mortgage “misrepresented the quality of WMC’s loans and the extent of WMC’s internal […]
Hispanic Americans accounted for more than a third of all household formations over the last decade, and were the first minority demographic to make homeownership gains after the recession, according to a new report. The report, from the National Association of Hispanic Real Estate Professionals, reveals that between 2008 and 2018, “Hispanics accounted for 39.6 percent […]
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