HUD says the company treated Dr. Elizabeth Budde as if she had no income and revoked its loan approval when it learned the Kenmore oncologist was on maternity leave. While she eventually persuaded the lender to approve her mortgage, HUD charged the company with a violation of federal housing law.
Houston-based lender settles case with Seattle-area woman
SEATTLE, WA
Seattlepi.com reports that under the settlement, announced
Wednesday, Houston-based Cornerstone Mortgage Company admits no
wrongdoing but agrees to create a $750,000 compensation fund for
similar borrowers.
