A class action lawsuit has been filed against American Mortgage Express Corp., Admiral Mortgage Inc., Irwin Financial Corp., Provident Bankshares Corp. and Mortgage Lenders Network USA Inc. The class claims the mortgage lenders instigated predatory lending practices in the state of Maryland by charging excessive or illegal fees. The lawsuit alleges the lenders violated Maryland laws by charging excessive loan origination fees, collecting inflated fees for recording loans and illegally assessing penalties for repaying loans early.
Last updated May 10 2006
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