The Road to Ruin: Burned by Brokers

The Road to Ruin: Burned by Brokers

A close-up snapshot of the ‘toxic assets’ on the balance sheet of bailout-recipient Flagstar Bank Corp.

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ANP documents how mortgage brokers in search of commissions have set off a firestorm of foreclosures in Prince William County, VA. Interviews with James Scruggs from public interest law firm Legal Services of Northern Virginia and his client Sandra Barios, who is suing the lying broker who locked her into an adjustable rate mortgage and Flagstar Bank Corp which is refusing to renegotiate it, hint at the human pain suffered by people across the country whose homes have become so-called “toxic assets.”

Corbin Hiar

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