Zillow.com accused of helping predatory lenders

by Benton | October 31, 2006 at 11:52 am
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Web site Zillow.com is under fire from fair housing advocates who have filed a complaint with the Federal Trade Commission saying that its online home valuation estimates are purposely misleading.

The National Community Reinvestment Coalition,
a Washington, D.C.-based nonprofit organization focused on making sure
credit and capital are directed into traditionally underserved
communities, said misrepresentations are rampant and place low-income
neighborhoods at risk for "discriminatory and predatory lending
practices."

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