Mortgage And Real Estate News

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.


Reuters: Business News

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