by Moe Bedard
“Bill Frey of Greenwich Financial – Countrywide worked out an arrangement with fifteen state attorney generals for fraudulent lending practices and they’re handing the bill to bondholders. They plead guilty and they cut a deal on hundreds of thousands of fraudulent loans that they made.
I am for loan modifications, but just not based only [...]
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by Moe Bedard
Can our nation’s state attorney generals intervene in the markets based on the simple fact that from Wall Street to Main Street, the credit, mortgage and housing bubbles were built on nothing but unfair and deceptive business practices?”
Massachusetts Courts: In roundly rejecting these contentions, the Court stated that Option One and H&R Mortgage “cannot credibly [...]
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