Regulators are going after another Valley mortgage firm for suspected illegal lending practices.
The Arizona Department of Financial Institutions has filed a complaint against Home One Mortgage Services, or SJJ Corp.
Allegations include failing to disclose or calculate the right interest rates and fees on more than 100 loans; letting Residential Asset Management, among other groups, use its license to process mortgages; and making false promises or concealing important facts on more than 200 loans.
More Arizona mortgage fraud allegations
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