Industry News

Troubled borrowers to get refunds, low-cost loans

AIG FSB's settlement with regulators expected to cost $178 million
Published on Jun 11, 2007

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by CareyBot

American International Group Inc. says it’s set aside $178 million to settle charges by bank regulators that its subprime mortgage lending subsidiaries failed to adequately evaluate the credit of some borrowers and charged high broker and lender fees. The agreement ...