Mortgage Companies Hit With Class Actions

Peter Angelos, a nationally known class-action attorney, has filed lawsuits against six mortgage companies alleging that the lenders engaged in predatory practices in Maryland.Lawyers for Angelos' law firm have filed class-action lawsuits against Irwin Financial Corp., Provident Bankshares Corp., Mortgage Lenders Network USA Inc., GreenTree Mortgage Corp., American Mortgage Express Corp., and Admiral Mortgage Inc., according to the Baltimore Sun. "In general, the complaints allege that the companies charged excessive or illegal fees," the Sun reported. During his career, Mr. Angelos has won huge settlements against tobacco companies. He is the owner of the Baltimore Orioles baseball team.