Home Mortgages

American Mortgage Network, Wachovia Corp., and Amnet Mortgage sold adjustable-rate mortgages without disclosing the actual interest rates or that the loans would result in negative amortization, according to a class-action complaint in Los Angeles Federal Court. See complaint.

New Century Mortgage Corp., Anais Guzman, Interstate 1st Title Agency, and George Guzman stole a woman’s identity and defrauded her of hundreds of thousands of dollars by forging her name on real estate contracts, she claims in Hudson County Court, Jersey City.

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