Minnesota AG: Out-Of-State Outfit Masqueraded As Homeowners' Current Lender To Perpetrate Upfront Fee Refinance Ripoff

In Minneapolis, Minnesota, the Star Tribune reports:

• An out-of-state mortgage company is being accused of cheating Minnesota homeowners out of thousands of dollars by masquerading as their current lender. A lawsuit filed Monday in Hennepin County District Court by Attorney General Lori Swanson alleges that Meredian Financial Corp. of Costa, Mesa., Calif., pretended to be homeowners' current mortgage company in order to gain their trust, then collected fees for refinancing services that were not delivered.

For more, see Minn. A.G.: Homeowners were swindled (Mortgage company allegedly told lies to Minnesotans in order to get bogus "rate-lock" fees for refinancings).

For the Minnesota AG press release, see Attorney General Swanson Sues Mortgage Lender For Charging Thousands For Refinancing Services That Were Never Provided.