L.A.’s mortgage discrimination lawsuit against Bank of America tossed

A federal judge rejected a mortgage discrimination lawsuit brought by the city of Los Angeles against Bank of America, according to a ruling obtained Friday.

In a written decision, U.S. District Judge Percy Anderson determined that the municipality could not sue under the U.S. Fair Housing Act because it had not shown it had suffered any damages “as a result of defendants’ allegedly discriminatory loans.”

Los Angeles City Attorney Mike Feuer is “currently reviewing the judge’s decision,” which was handed down Thursday, said his spokesman, Rob Wilcox.

Read on.

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