SOURCE: Kabateck Brown; NAACP

December 18, 2007 20:48 ET

Six Lenders Named in Amended NAACP Subprime Lender Class Action Lawsuit

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,

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