Mass AG Sues Fremont Alleging Unfair/Deceptive Lending & Loan Servicing Practices

(original post - 10-6-07)
From the Office of the Massachusetts Attorney General:

• Today [Friday], Attorney General Martha Coakley filed a lawsuit in Suffolk Superior Court against California-based Fremont General and Fremont Investment and Loan (“Fremont”), a subprime lender that originated thousands of loans in Massachusetts. The complaint alleges that Fremont engaged in unfair and deceptive conduct on a broad scale in connection with selling mortgage loans to Massachusetts consumers...

• The Attorney General’s Office is seeking civil penalties, restitution and an injunction, which would prohibit Fremont from selling or transferring any Massachusetts mortgages and from foreclosing on any Massachusetts loan without giving the Attorney General’s Office a 90-day opportunity to review the loan transaction and object to the foreclosure.

The lawsuit alleges unfair and deceptive conduct in connection with both the origination of mortgage loans, and the subsequent servicing of those loans. For more, see Attorney General Martha Coakley Files Lawsuit Against National Mortgage Lender - Fremont Investment And Loan (First Case Under 2004 Predatory Home Practices Act).

See also:

• Mass. AG sues subprime lender (The Boston Globe),
• AG Coakley sues big subprime lender Fremont (The Boston Herald).

Go here , go here , and go here for posts on questionable mortgage servicing practices. questionable mortgage servicing practices tactics yak