Debt Ratings Service Bumps Up Salt Lake City-Based Mortgage Loan Firm - 2004-03-02
Troubled Fairbanks Capital Corp., which late last year paid $40 million to settle allegations it mistreated customers, received news Monday that should make it easier for the Salt Lake City company to rebuild its smaller customer base.
Fairbanks services home mortgage loans made by other companies, collects payments and handles bookkeeping for about 420,000 loans nationwide. Many were granted to people with troubled credit histories who cannot qualify for standard loans.
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