Settling defendants are DB Structured Products, Inc., on behalf of itself and as successor to Mortgage IT, Inc., Gateway Bank F. B., Circle Mortgage Corp., Broadview Mortgage Corp., Fremont Bank, The Mortgage Outlet, Inc., Mortgage Network, Inc., CMG Mortgage, Inc., First Equity Mortgage Bankers, Inc., Americash and Wallick & Volk.
, Chairman of the Board stated, "We are pleased that the Trust has been able to achieve the settlements that we are reporting today.
Imagine endless days, turning into years, of motions for relief from automatic stay and adversary proceedings by homeowners who were duped by another fly-by-night mortgage company. King Street, Room 2207, Lockbox 35, Wilmington, Delaware 19801 (Attn: Mark Kenney, Esq.) In addition, if you have timely filed a written response and wish to oppose the Motion, on the Motion scheduled to be held on March 7, 2013 at a.m.
A mortgage company where the SEC barred the three primary officers from serving as directors of public companies for five years, and levied fines and profit-disgorgement on the 3 officers…a pittance in comparison to the damage that they’ve done. (prevailing Eastern Time), in the courtroom of the Honorable Kevin J.
The Debtor continues to operate its business and manage its property as a debtor-in-possession.