Industry News

Bank sues over alleged mortgage fraud

Fifth Third Bancorp seeks more than $10.8 million in damages for Detroit-area loans
Published on Oct 6, 2006

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by CareyBot

Fifth Third Bancorp has sued appraisal firms, a title insurance company and alleged straw buyers it says defrauded the bank of more than $10.8 million in transactions involving suburban Detroit-area luxury homes. Fifth Third is seeking damages from 44 people ...