NY (CNNMoney.com) — throughout the housing growth, mortgage brokers had been doling out of the dough, providing loans to individuals who could do not have qualified prior to.
Now, home owners and government officials are increasingly using these organizations to court, alleging unfair and practices that are predatory. Some banks have already settled for millions of dollars while many of these suits are still winding their way through the legal system.
The defendants range from the biggest names when you look at the continuing business– from Wells Fargo (WFC, Fortune 500) to Countrywide Financial to Citigroup (C, Fortune 500).