Sunday Jun 14 | InvestmentNews
Mass. AG announces $10M settlement with firm for originating 'liar's loans'
The Massachusetts attorney general's office has entered into a $10 million settlement with Fremont Investment & Loan and its parent, Fremont General Corp., both of Brea, Calif., to resolve claims that the firm sold some 15,500 loan products that it allegedly knew would fail.
Los Angeles Business Journal Online -...
Insurance Suits Settled for $37 Million
State insurance regulators announced Friday they have settled four lawsuits stemming from the 2003 failure of Glendale workers' compensation insurer Fremont Indemnity Co.
Massachusetts Settles Predatory Lending Charges For $10 Million
Fremont Investment & Loan and its California-based parent, Fremont General Corporation, have settled predatory lending allegations in Massachusetts.
Massachusetts settles with mortgage lender
A bankrupt California-based subprime mortgage lender has agreed to pay $10 million to settle allegations of unfair practices that contributed to the current spike in Massachusetts home foreclosures.