Industry News

Mortgage brokers charged in refi scam

Consumers allegedly got stuck with high-interest-rate loans
Published on Jun 2, 2004

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by CareyBot

The Federal Trade Commission has charged a group of Colorado-based mortgage brokers with violating federal laws by deceptively claiming they will refinance consumers’ mortgages at the lowest rates available at no cost to the consumer. The FTC alleges that instead ...

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