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Homeowners across the U.S. are being targeted in a sophisticated scam in which callers pose as mortgage lenders to defraud people out of hundreds of thousands of dollars, the Federal ...
Aurora Bank was a federal savings bank (FSB) headquartered in Wilmington, Delaware, established in 1921 under the name Delaware Savings And Loan Association. [ 1 ] [ 2 ] It reorganized as an FSB in 1988 [ 3 ] and became a subsidiary of Lehman Brothers in 1999, renamed as Lehman Brothers Bank.
Force-placed insurance is such a problem that the proposed bank settlement on improper foreclosure and loan-servicing practices currently in the work contains many "shall nots" regarding it ...
In 1997, Lehman bought Colorado-based lender Aurora Loan Services, an Alt-A lender. In 2000, to expand their mortgage origination pipeline, Lehman purchased West Coast subprime mortgage lender BNC Mortgage LLC. Lehman quickly became a force in the subprime market. By 2003 Lehman made $18.2 billion in loans and ranked third in lending.
The Rip Deal is a swindle very popular in Europe and is essentially a pigeon drop confidence trick. In a typical variation scammers will target, say, a jeweler, and offer to buy some substantial amount of his wares at a large markup provided he perform some type of under-the-table cash deal, originally exchanging Swiss francs for euros.
Key takeaways. CornerStone was previously one of eight approved federal student loan servicing agencies that provided loans nationwide. Although Cornerstone was contracted to service loans through ...
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The locksmith scam is a scam involving fake business listings for cheap locksmith services that, once called out, overcharge the customer. The scam targets people who call a locksmith out of desperation, usually because of being locked out of their car or premises.