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NY Bank Regulator Probes Real Estate 'Hard Money' Lenders

By Pete Brush (September 16, 2014, 12:51 PM EDT) -- New York authorities said Tuesday that they have subpoenaed nine so-called hard-money lenders, groups who issue short-term loans secured by a borrower's home or other real estate, amid concerns that some may intentionally structure loans with the expectation of foreclosing and taking possession of property....

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