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 statestate 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·cep tive·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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`sĭts)
tive·ness n.
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