Mortgage Scams: California Shuts Down Mortgage Scam Artists

As the mortgage crisis worsens, a growing number of fly-by-night companies are employing utterly brazen tactics to push homeowners into illegal and unconscionable loans, Attorney General Brown said. The illegal sales practices of these companies, run by Eric Pony and his family, included psychological pressure, forgery, and outright lies, Brown added. Mortgage Scams: California Shuts Down Mortgage Scam Artists