M & T Mortgage Corp. v. Foy
Supreme Court of the State of New York
20 Misc. 3d 274 (N.Y. Sup. Ct. 2008)
Relevant factsFree
Foy (defendant) owned property in a traditionally minority neighborhood, secured by a mortgage carrying a nine-and-a-half-percent interest rate; M & T Mortgage (plaintiff) initiated foreclosure proceedings against the property.
IssueFree
Whether a lender bears the burden of proving that a higher-priced loan was not the result of discriminatory lending practices.
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