Warehouse Lender Collects $65 Million - Mortgage Forums for Mortgage Brokers

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Warehouse Lender Collects $65 Million

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01-31-2007, 04:00 PM

Veronica Corningstone Veronica Corningstone is offline

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Warehouse Lender Collects $65 Million

State Bank of Long Island has paid $65 million to settle a lawsuit with a warehouse lender. The lawsuit was filed by Hsa Residential Mortgage Services of Texas. Hsa alleged State Bank aided a now defunct mortgage banker in a Ponzi scheme.

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