Saturday, November 19, 2016

A frightful look back at the crash of Arizona commercial lender Mortgages Ltd.

The crash of Arizona's biggest commercial lender Mortgages Ltd. is still a nightmare for many.

The lender's nearly $1 billion collapse and its CEO Scott Coles' suicide in 2008 led to huge investor losses, too many foreclosures, a slew of lawsuits and fraud charges by regulators.

Read more... http://www.azcentral.com/story/money/real-estate/catherine-reagor/2016/11/06/frightful-look-back-crash-arizona-commercial-lender-mortgages-ltd/93173858/

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