Feds seized Ill.-based Superior in 2001, but it continued to write, sell off bad loans
(Newser) -
An Illinois bank seized by regulators in 2001 continued to write risky subprime mortgages for months after it was put under the day-to-day supervision of the Federal Deposit Insurance Corporation, the
Wall Street Journal reports. Many of the loans—some with interest rates above 12%—have been foreclosed; a Texas...
More »
