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Home » Store » News » SEC Charges Former Alt A Lender with Fraud

SEC Charges Former Alt A Lender with Fraud

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Two executives at American Home Mortgage Investment Corp. allegedly engaged in accounting fraud in early 2007, according to charges filed by the Securities and Exchange Commission last week. The lender filed for bankruptcy in August 2007 and is in the process of liquidating. WL Ross & Co. purchased $42 billion of servicing rights from American Home Mortgage in 2007 and operates a...
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