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New accusations that Wells Fargo targeted blacks for subprime loans

By Mike Lillis 12/31/09

City officials in Memphis, Tenn., are so fired up they’ve filed a lawsuit charging Wells Fargo &Co. with discriminatory lending practices.The allegations they are making are almost identical to those leveled here in Iowa, where a study found that minority homeowners in Des Moines were three times more likely to receive high-cost subprime mortgage loans [...]

White House loan modification plan falls flat

By Mary Kane 12/11/09

While private lenders completed 120,000 permanent modifications monthly in early 2009, only about 10,000 were completed through October under the government initiative.

Grassley catches flak for fundraiser

By Jason Hancock 6/23/09

Iowa Sen. Charles Grassley is taking heat from campaign finance watchdogs for hosting a fundraiser Monday night with lobbyists and a political action committee representing the mortgage, insurance and financial industries.
The problem, critics say, is that Grassley recently backed those industries in his opposition to legislation allowing judges to renegotiate mortgages.

Bankrupt in the Richest Nation, Farmers Rampage in Plymouth County

By Adam Burke 4/27/08

“What was going on was mortgage closings just the same as going on today …”
Seventy-five years ago, corn was fetching less than 10 cents a bushel and pork was at three cents a pound. A migrant class of American workers was being created. These were the desperate times of the 1930s known as the Great [...]

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