Thursday, February 08, 2007

The Register Guards - "Lenders paying attention to lawsuit over mortgages" (2-7-07)

"They went to court, saying they were deceived. A federal judge sided with them and is allowing a class-action suit involving up to 7,000 borrowers against Chevy Chase. The bank has appealed and on Friday was granted a motion for an expedited appeal. The bank says the terms were clearly stated in the contract and that the family should take any grievance to the mortgage broker who sent the original sales flier and acted as an intermediary between them and the bank."

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