Nearly 1 in 4 Ohio mortgages are underwater, according to numbers from real estate data company Zillow Inc. US Senator Sherrod Brown says that’s why he’s introducing legislation to speed up what’s known as short sales.
The National Fair Housing Alliance (NFHA) and four of its member organizations announced yesterday, they are filing a federal housing discrimination complaint against Wells Fargo Bank. The complaint will be filed with the U.S. Department of Housing and Urban Development. It's the result of an undercover investigation, and the Housing Alliance says major American banks like Wells Fargo are failing to maintain and market Real Estate Owned (REO) properties in African-American and Latino neighborhoods.