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  • The Independent

    Justice Department sues Texas developer accused of luring Hispanic homebuyers into predatory loans

    by Lindsay Whitehurst Dec 20, 2023 2 minutes
    Source: Copyright 2023 The Associated Press. All rights reserved.

    The Justice Department filed its first predatory mortgage lending case Wednesday against a Texas developer accused of luring tens of thousands of Hispanic homebuyers into “bait and switch” sales through platforms like TikTok.

    The lawsuit focuses on a massive development northeast of Houston, Colony Ridge, that promises homeownership with advertisements in Spanish, but then steers applicants into buying properties without basic utilities by taking out loans they

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