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by CareyBot

NovaStar Home Mortgage Inc. and two other lenders accused of engaging in bait-and-switch tactics on the online mortgage-lead-generation site have been hit with a $46 million judgment. The judgment in favor of another client, American Interbanc, triples a $15.9 million jury verdict in favor of American Interbanc, on May 4. In a June 27 judgment, Orange County Superior Court Judge Michael Brenner agreed with American Interbanc's claims that attempts by other lenders to prevent the company from using amounted to an unlawful restraint of trade, subject to triple damages. NovaStar Home Mortgage Inc.'s parent company, NovaStar Financial Inc., said it will appeal the judgment. "We believe the jury decision was not supported by the facts. NovaStar Home Mortg...