"What's the evidence that African-Americans and Latinos paid more for loans in a way that's illegal? A study of lending data from 2006 by the Federal Reserve estimates that roughly 18 percent of the loans made to white borrowers in that year were subprime loans, compared with roughly half the loans made to African-Americans and Latinos during that time. When the study assessed borrowers of similar incomes, 30 percent of African-American borrowers received subprime loans, compared with 18 percent of whites and 26 percent of Latinos. These discrepancies aren't absolute proof, but they suggest that discriminatory steering took place in which otherwise qualified borrowers of color were directed to subprime, and substandard, loans. Federal law makes it illegal to discriminate based on race in the terms and conditions of a home mortgage loan. It would appear that this is exactly what happened."
The solution suggested here: Chuck the illegal loans and start over again, making the lawless lenders foot the bill.
Works for Me...and I don't have a mortgage.
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