Homeowners allege fraud in refinancing of mortgage – Confidential Settlement 
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Published: May 16, 2011
Tags: Consumer Protection, Federal Courts, Fraud
Plaintiff homeowners refinanced their pre-existing mortgage in 2007 with a new loan from defendant lender. Plaintiffs alleged that they requested a new mortgage without mortgage insurance and were promised orally and in writing that the new loan would not have mortgage insurance. Importantly, plaintiffs had sufficient equity in their home to get a loan that ...
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