Bank Execs Sued for Making Subprime Loans at Outset of Crisis

written by
MORTGAGE EXPERT
1 · 20 · 13

The Federal Deposit Insurance Corp. claims 11 former officers and directors of the defunct Charter Bank committed gross negligence by operating “a highly risky and speculative” subprime lending business in Denver that made loans “no reasonable financial institution would have made at any time” in the years before the bank failed.

This wire news service story is no longer available.

However a copy might still be available at www.abqjournal.com

Mortgage Expert

Mortgage Daily Staff

Subscribe

Related
Posts

No Results Found

The page you requested could not be found. Try refining your search, or use the navigation above to locate the post.