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Mortgage lenders now advertising as crisis solvers (AP)
Published at 31 December 2010, 21:17 GMT

In this Nov. 29, 2010 photo, Mike Rainis and his wife Camille, who gave Green Credit Solutions thousands of dollars for mortgage modification help that they never received, stand in their home in San Juan Capistrano, Calif.  Many firms, including Green Credit Solutions, have been shut down and are now facing state and federal investigations trying to prove that they bilked their customers. (AP Photo/Damian Dovarganes)AP - PacWest Funding's CEO watched in late 2007 as rival mortgage brokerages, banks and collaborators collapsed under the weight of the declining housing market.


 
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