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Archive Home > 2009 > June > 28 > In mortgage mess here, brokers are now targets

In mortgage mess here, brokers are now targets

At least 3 lawsuits in area allege fraud, and complaints, penalties statewide have soared; but are brokers the heart of the problem?

By Cindy Powers / The Bulletin
June 28, 2009

In the wake of the real estate downturn that has increased home foreclosure rates and decreased sale prices, state financial regulators and federal law enforcement have focused on mortgage brokers and lenders, issuing increasing numbers of licensing sanctions and seeking criminal....

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Published daily in Bend, Oregon, by Western Communications, Inc. Copyright 2007.