November 07, 2003

$55 Million FTC and HUD Settlement
With Fairbanks Capital Reported By PMI Group

In what could be one of the largest and most complex legal settlements in history with an American mortgage company, two federal agencies reportedly have reached an agreement with Fairbanks Capital Corp. requiring at least $55 million in payouts and fines by the Utah-based servicer. Posted by Editor at November 7, 2003 10:49 AM