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Jerry Brown Jr.

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California AG Joins the Mortgage Sting; Shuts Down Four Lenders HW+

Mar 19, 2008By

California Attorney General Jerry Brown Jr. on Tuesday shut down four mortgage lenders for providing what he characterized as “illegal and unconscionable loans.” The move was the California AG’s first mortgage bust since taking office — surprising given that California was the epicenter of the housing boom, and that a recent MARI study ranked California in the top five states nationwide for fraud activity.

3d rendering of a row of luxury townhouses along a street

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