Local mortgage company to pay $1.5 million to settle claim

A local mortgage company will pay $1.5 million to settle a government claim it charged Hispanic borrowers higher prices for a mortgage.In the settlement, Golden Empire Mortgage admits no wrongdoing. But, the company will have to change its pay structure, including incentives for loan officers.For thousands of Hispanic homeowners, the check is in the mail."In the federal agreement, the company has agreed to pay about $1.5 million, which is being paid to consumers," said Frank Dorman,

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