WASHINGTON -- U.S. government agencies are due to announce a multi-million dollar settlement of abusive practices complaints against sub-prime loan servicer Fairbanks Capital Corp., housing advocates said on Tuesday. PMI Group, Inc., corporate parent of Utah-based Fairbanks, said last month the company had set aside $55 million in anticipation of a settlement with the Federal Trade Commission and the Department of Housing and Urban Development.
Posted by Editor at November 11, 2003 10:26 AM