In a case with broad ramifications for the home loan industry, a California mortgage company has settled government charges of racial bias in loans made through brokers.

Long Beach Mortgage Co. agreed to pay $4 million to settle charges that it discriminated through its own loan officers and outside brokers.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.