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A California mortgage company accused of deceiving poor and elderly homeowners into taking out loans with large hidden fees has agreed to a $60 million deal to settle federal and state charges. The Federal Trade Commission announced Thursday that Irvine, Calif.'s First Alliance Mortgage Corp. will repay nearly 18,000 of its customers in 18 states and the District of Columbia.
March 22, 2002 at 12:00 AM
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