A Texas-based mortgage lender has agreed to replace its namesake chief executive and pay $4.5m to settle North Carolina allegations the company pushed home buyers into mortgages they couldn’t afford.
Mortgage lender settles North Carolina fraud charges for $4.5m
August 2, 2010, 1:58pm
Diana Golobay was a reporter with HousingWire through mid-2010, providing wide-ranging coverage of the U.S. financial crisis. She has since moved onto other roles as a writer and editor.see full bio
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Diana Golobay was a reporter with HousingWire through mid-2010, providing wide-ranging coverage of the U.S. financial crisis. She has since moved onto other roles as a writer and editor.see full bio