Exact(17)
But some borrowers from First Alliance were charged up to 25 points on their loans.
First Alliance was one of the big beneficiaries of this development.
Saxony and Sardinia began the war as members of the first alliance and later switched to the second.
The questions put to the jurors were whether First Alliance had defrauded homeowners, whether Lehman Brothers knew of that fraudulent behavior when it provided financing to the lender, and whether Lehman Brothers "substantially assisted First Alliance in perpetrating the fraud".
Then First Alliance told Prudential that Prudential could be lead manager if it cut its fee to 6percentt.
That marked the first alliance between the two parties since Mr Fox ended seven decades of rule by the PRI in 2000.
Similar(42)
First Alliance denies the allegations.
In all, First Alliance did business in 18 states, including Connecticut and New Jersey.
By then, First Alliance was also facing regulatory action in at least five states.
First Alliance, based in Irvine, Calif., was not immediately available for comment.
First Alliance is one of the lenders that have come under greater scrutiny, Mr. Legan confirmed.
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