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05/20/07
Another mortgage firm accused of illegal practices
Filed under: General, Real Estate
Posted by: Lillian Wong @ 11:41 am

Regulators are going after another Valley mortgage firm for suspected illegal lending practices. The Arizona Department of Financial Institutions has filed a complaint against Home One Mortgage Services, or SJJ Corp. Allegations include failing to disclose or calculate the right interest rates and fees on more than 100 loans; letting Residential Asset Management, among other groups, use its license to process mortgages; and making false promises or concealing important facts on more than 200 loans.  More…

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