Contact Information: CONTACT: Diane Rumbaugh Rumbaugh Public Relations 805-493-2877
Six Lenders Named in Amended NAACP Subprime Lender Class Action Lawsuit
| Source: Kabateck Brown; NAACP
LOS ANGELES, CA--(Marketwire - December 18, 2007) - The National Association for the
Advancement of Colored People (NAACP), which had filed a class action
lawsuit in July against a dozen major subprime lenders alleging
institutionalized racism in lending practices, amended the complaint on
Dec. 18. to add six additional lenders (National Association for the
Advancement of Colored People, et al vs. Ameriquest Mortgage Company, A
Corporation, et al. July 11, 2007, amended Dec. 18, 2007, Los Angeles
Federal Court, Case No. SACV 07-0794). The new defendants are CitiMortgage,
Suntrust Mortgage, GMAC Rescap, JP Morgan, National City and First Horizon.
Inadvertently named in an original news release about the lender additions
was Countrywide. Countrywide, however, is not named in the complaint.
For a copy of the corrected release, contact Diane Rumbaugh at
805-493-2877, rumbaugh@earthlink.net.