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Lori Swanson

Minnesota AG Swanson Charges California-Based Lender With Refi Fraud

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Minnesota Attorney General Lori Swanson has filed a lawsuit against Meredian Financial Corporation, a California-based mortgage lender and broker that charged Minnesota homeowners thousands of dollars to refinance their mortgages, but failed to deliver the promised services. Meredian contacted Minnesota homeowners and pretended to be their current mortgage company in order to gain their trust, then extracted thousands of dollars in fees for refinancing services that it did not deliver.Click to continue

Minnesota Attorney General Swanson files suits against two loan mod companies

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Minnesota Attorney General Lori Swanson has filed two lawsuits against separate out-of-state mortgage modification companies for violating a 2009 state law that prohibits companies that offer to negotiate or modify the terms or conditions of an existing home mortgage from requesting advance payments from homeowners. These are the first lawsuits filed under the new law.Click to continue