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Old 05-03-2009, 11:29 PM
Oregon Doug Oregon Doug is offline
 
Join Date: Jan 2002
Location: Westcentral Oregon
State: Oregon
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Default Allegiance Mortgage - it's public now

For those of you who like to follow such events - it's finally public.

It has been a long time comming (since '05) but Allegiance Mortgage of Eugene, OR has finally been given the ole' fraud dope slap for entering false incomes and fradulant employment verifications on loan applications. They're out of business.

It seems that the "Boys of Allegiance" and one of the girl friends were caught in a federal investigation. (Oh, by the way...there were a couple of favorite appraisers too - more later.)

Oregon Doug
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  #2  
Old 05-04-2009, 03:41 AM
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OSU Beavers OSU Beavers is offline
 
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Location: Podunk
State: Oregon
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Never heard of them. I guess that is good news for me.
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  #3  
Old 05-04-2009, 09:48 AM
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The Dog The Dog is offline
 
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Location: Beautiful Southern Oregon
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Actually a real good series of articles in the old Register Guard at:

http://www.registerguard.com/csp/cms...5-57/story.csp

as well as a rather well written article on the Subprime feeding frenzy at:

http://www.registerguard.com/csp/cms...8-57/story.csp
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