Was lender in mortgage flips a victim or did it pursue risk?

  • by: Steve Brandt , Star Tribune
  • Updated: July 11, 1999 - 11:00 PM

Two years after a fast-growing California lender swooped into the Twin Cities area to feed at the bottom of the residential mortgage market, it is alleging that it was hoodwinked by a cabal of local real estate and finance players.

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