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DOJ Fights Bankrupt Lender's Bid To Trash Loan Docs

Law360 (January 20, 2011, 7:19 PM EST) -- The U.S. Department of Justice has asked a bankruptcy court to reject Mortgage Lenders Network Liquidating Trust's request to destroy certain loan and financial documents, saying the records may prove useful in ongoing federal criminal investigations into mortgage fraud.

The DOJ filed its objection Wednesday, asking the U.S. Bankruptcy Court for the District of Delaware to deny MLN Trust's Jan. 6 motion to destroy certain documents related to loans no longer owned by bankrupt lender Mortgage Lenders Network USA Inc. — along with accounting files, tax-related...
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