Archive for July 16th, 2009


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16
Jul

$10 Million Settlement by Fremont General In Massachusetts Opens the Door for Modifications on Many Subprime Mortgages

On June 9 the Attorney General of Massachusetts announced that Fremont General, a bankrupt subprime lender, agreed to a settlement of $10 million. It was alleged that the company had used predatory lending practices that led to foreclosures in Massachusetts. In the settlement Fremont denied that they did anything wrong. Fremont had been a large [...]