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Miller et al v. Countrywide Bank, N.A., et al
Case Number:
07-cv-11275
Start Date:
July 09, 2008
End Date:
July 09, 2008
Description:
Allegations: Countrywide's credit pricing policy allows discretionary finance charges and interest mark-ups that "have a widespread discriminatory impact on black applicants." Gillian Miller, for example, had an excellent credit grade (listed as AA+ on Countrywide documents) that should have qualified her for prime loan. Instead she received two Countrywide mortgages at subprime rates exceeding 11%.

Federal Home Mortgage Disclosure Act data shows black homeowners who borrow from Countrywide are two to three times more likely than whites to received high-interest loans.
Judge:
Gertner, Nancy
Courthouse:
  • John Joseph Moakley United States Courthouse
  • One Courthouse Way, Suite 2300
  • Boston, MA 02210-3002
  • Court Website
Jurisdiction:
Federal District Court
USDC, District of Massachusetts