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Loan Modification

: The Truth About Mortgage.com

SEC Sues Former Indymac Executives for Fraud

By scot184

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The SEC has sued three top executives from former mortgage lender Indymac, claiming the trio defrauded investors by misrepresenting the company’s finances leading up to the mortgage crisis. Federal complaints allege that the Pasadena, California-based lender sold $100 million in new stock while masking it’s inevitable decline from investors. ?These corporate executives made false and [...]

Full post as published by The Truth About Mortgage.com on February 15, 2011 (boomark / email).

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