A $68 million fair lending settlement between the Trump administration and a Texas land developer will go into effect, but risks harming the Hispanic homebuyers that the Biden administration had originally brought a lawsuit to help, a federal judge said, declining to oversee implementation of the deal.
The February settlement between the Justice Department and Colony Ridge Development LLC includes $48 million to upgrade flood prevention and draining systems at a Houston-area housing development and $20 million for law enforcement upgrades, including immigration enforcement.
But none of the relief is set to go directly to the Hispanic borrowers that were ...
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