A Wall Street home mortgage lender catering to the New York, New Jersey and Florida markets has agreed to pay $3.5 million to settle a housing discrimination lawsuit, the Associated Press reported yesterday. Federal prosecutors in Manhattan announced the deal with GFI Mortgage Bankers Inc. to settle a lawsuit alleging that African Americans and Hispanics were charged more for loans than similarly qualified non-Hispanic white borrowers between 2005 and 2009. The government says the money will be used to reimburse about 600 black and Hispanic borrowers who overpaid.
