SEC Wants Investigation for Spokane, Wash.-Based Metropolitan Mortgage - 2004-02-13
An independent investigator should study allegations that Metropolitan Mortgage & Securities Inc. executives intentionally committed fraud, according to the U.S. Securities and Exchange Commission.

The SEC and the Washington attorney general's office filed a motion in Metropolitan's bankruptcy case Monday seeking an outside examination.
Read the full story at Miami Herald

Right of rescission allows you to back out of a loan - 2004-02-13
Federal law allows you a cooling-off period when you take out a home equity loan or line of credit, or when you refinance with another lender.

The right of rescission is not available for all mortgages. Most importantly, there is no right of rescission for a mortgage made to buy a house. Borrowers and lenders can get tangled up in whether a mortgage is a purchase loan.
Read the full story at Bankrate.com