$55 million will be paid to settle lawsuits, including class action suits, filed by customers, the U.S. Department of Housing and Urban Development and the Federal Trade Commission. The suits were filed regarding violations in home loans made to home buyers with imperfect credit. The company will have to follow a strict new set of guidelines on how to handle borrowers' loan accounts in the future. (Nov-10-03) [REALTY TIMES] [FAIRBANKS]
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