Industry News

NovaStar, other Bankrate clients hit with $46 million judgment

Verdict in bait-and-switch lawsuit expected to be appealed
Published on Jul 10, 2007

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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 ...