Two lawsuits were filled today.
One against Federal Home Loan Mortgage Corporation, more commonly known as Freddie Mac, “secretly and intentionally participated in one of the largest housing investment deceptions in modern U.S. economic times,” Ohio Attorney General Marc Dann last Friday filed a securities fraud class action lawsuit in federal court in Youngstown, Ohio.
Florida’s attorney [...]
Tags: Avoiding Foreclosure · Mortgage Litigation · Mortgage Scams
Lehman Brothers gross fourth-quarter writedown was $3.5 billion. Residential mortgages and related assets accounted for $2.2 billion of that figure, and the rest came from commercial mortgages. According to analysts Lehman, avoided larger losses they predict for Wall Street rivals Morgan Stanley and Bear Stearns Cos. will report next week.
Tags: Foreclosure Information · Foreclosure Statistics
