“Ghetto Loans” City accuses Wells Fargo of engaging in illegal “Reverse Redlining”

By BEN NUCKOLS (AP) BALTIMORE — A federal judge suggested Monday that he might restrict the scope of a first-of-its kind lawsuit filed by the city of Baltimore against mortgage giant Wells Fargo Bank N.A. The city accuses Wells Fargo of engaging in illegal “reverse redlining” — targeting black neighborhoods for bad loans that resulted … Read more