Word: mortgagors
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...Fortress has stakes in subprime lenders that are foreclosing on people in New Orleans. Edwards told me that when the story broke in May, he sought assurances from Fortress that it wasn't engaging in predatory practices and asked the company to intercede on behalf of a New Orleans mortgagor facing foreclosure. "They said, We'll do that, I said O.K., and then I forgot about it," he said. That was another mistake. By August, the Wall Street Journal was reporting that subprime companies in which Fortress has a stake had foreclosed on 34 homeowners in New Orleans. Edwards announced...
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