I don’t understand it either. The article seems to be missing key information.
What caught my eye was this though;
“Sprecher’s order came in a lawsuit filed by O’Keefe & Sher seeking to invalidate mortgages taken out without the approval of customers, some of whom have received foreclosure notices.”
“As far as we’re concerned, those are illegal mortgages,” attorney Frank Farina said.”
What I want to know is, how can you take out a mortgage without the customers approval? I sure hope that would be illegal.
