NovaStar, other Bankrate clients hit with $46 million judgment

NovaStar Home Mortgage Inc. and two other lenders accused of engaging in bait-and-switch tactics on the online mortgage-lead-generation site Bankrate.com have been hit with a $46 million judgment.

The judgment in favor of another Bankrate.com client, American Interbanc, triples a $15.9 million jury verdict in favor of American Interbanc, on May 4.

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