Latest Fremont Sale/Mod Agreement a Slippery Slope
August 15, 2008
The conditions put on a sale of “unfair” loans originated by Fremont Investment and Loan in Massachusetts set a troubling precedent, according to industry analysts. The requirements apply only to the sale of 200 Fremont loans, but they could be used as a costly template for resolving future disputes. Earlier this year, WMD Capital Markets, a California-based specialty investment company...