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Foreclosures halted.


Foreclosures Halted: Fremont General Corp. halted foreclosures in Massachusetts Massachusetts (măsəch`sĭts), most populous of the New England states of the NE United States.  for 90 days while the state conducts an investigation of its lending practices. The Santa Monica-based lender agreed to allow the state's attorney Noun 1. state's attorney - a prosecuting attorney for a state
state attorney

prosecuting attorney, prosecuting officer, prosecutor, public prosecutor - a government official who conducts criminal prosecutions on behalf of the state
 general to determine if any of the company's loans were issued using "tainted taint  
v. taint·ed, taint·ing, taints

v.tr.
1. To affect with or as if with a disease.

2. To affect with decay or putrefaction; spoil. See Synonyms at contaminate.

3.
 ... unfair or deceptive de·cep·tive  
adj.
Deceptive or tending to deceive.



de·ceptive·ness n.
 lending practices." Fremont closed its home-lending operations after the Federal Deposit Insurance Corp. in March said the lender provided mortgages to people it knew couldn't repay them. Since then, Fremont has sold nearly all of its sub-prime operations.
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Title Annotation:News of the Week
Publication:Los Angeles Business Journal
Date:Jul 16, 2007
Words:86
Previous Article:Rescue me.(News of the Week)
Next Article:Spinning to liquidation?(News of the Week)
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