Industry News

Cleveland’s top lender sees 20% foreclosure rate on 2005 loans

Investigation finds anti-predatory-lending law opened door for Argent
Published on Sep 19, 2006

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by CareyBot

One in five home purchase loans made in 2005 by Cleveland’s top mortgage lender are already in foreclosure, according to an investigation by the Cleveland Plain Dealer. Three years after entering the Cleveland market and becoming the city’s top mortgage lender, ...