A New Mortgage ‘Cop’
Dann, Ex-Footballer, Tackles Fraud Cases, Targets Wall Street By AARON LUCCHETTI October 8, 2007
One of the sharpest attacks on Wall Street these days is coming from the Midwest. That is where Ohio Attorney General Marc Dann assigns much of the blame for the state’s record mortgage-foreclosure rate — a mess he calls “the largest financial scam in American history.”
The 45-year-old Democrat has pursued several mortgage cases closer to home, delaying foreclosures involving New Century Financial Corp., a home lender now operating under bankruptcy-court protection. He has sued more than a dozen lenders and brokers for allegedly inflating home appraisals and engaging in other practices that misled troubled homeowners.
