Peggy Davis-Mullen in a spot of trouble

Seems there are certain things you're not supposed to do with client money if you run a mortgage company.

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It remains to be seen

By anon (not verified) | Wed, 07/16/2008 - 3:41pm

whether PDM is implicated in the alleged fraud.

Loan documents reviewed so far by state regulators - including purchase and sale agreements, loan applications and credit reports - show evidence of having been “altered by whiting out information and cutting and pasting borrower information,” according to a complaint filed yesterday in Suffolk Superior Court.

Will the Bank of America be as interested in acquiring PDM's mortgage company as they were acquiring Countrywide? Better yet, will the record demonstrate PDM's company got people into sub prime mortgages who never should have qualified.

pdm and mortgages

By MURPH (not verified) | Wed, 07/16/2008 - 3:53pm

SHAWKING....JUST SHAWKING

Peggy Davis-Mullen

By anon (not verified) | Wed, 07/16/2008 - 5:24pm

Theres more to this story. Keep reading the news. I expect a federal indictment soon. Her husband is currently suspended from the practise of law but she still lets him work for her. She had a mortgag broker working for her that was about to lose his house to foreclosure so she found a straw buyer (I'm not even shure the guy was a real guy)but she recorded the deed to the guy the day after the bank foreclosed so he lost his house anyway! She's a prize!

newsfeed

By anon (not verified) | Wed, 07/16/2008 - 5:30pm

Newsfeed: Peggy Davis-Mullen

PDM trouble

By anon (not verified) | Wed, 07/23/2008 - 6:38pm

Interesting. If it is in the herald, it must be true?? The only true news in this story is that Peggy's enemies have dwindled. In the days when she kept this city honest, her enemies were in the hundreds, mostly political adversaries who were screwing you, the reader, but were exposed. And their anonymous bull$%^& letters to the editor numbered in the thousands. The story in the herald is obviously a very poorly written one, in that there is little substantial eviudence to back up the allegations it hastily threw on the page. Last time I checked, if you turn in your licenses for anything, you cannot be issued a "cease and desist" as the license is no longer in effect. Pretty stupid reporting. Makes about as much sense as the rest of the story. But don't blame the reporter, he just got bad information, from one of Peggy's few remaining enemies. I did hear that an employee within the division of banks has been disciplined and is under federal investigation for releasing information regarding this case. WHo else has this person tried to detroy with outlandish harm? do stay tuned, as Dave Cotney is on top of the scandal inside the banks and banking......

I reread the article and I

By Anonymous | Wed, 07/23/2008 - 8:47pm

I reread the article and I see how state bank examiners might need to investigate but after all is said and done, may find no nefarious business conduct. In other words, state bank examiners may or may not find a reason to be concerned.

Wasn't their filing in Suffolk Superior Court a matter of public record and not a leak prohibited by ethics or state law?

Are you suggesting the state bank examiners office is being used to engage inappropriately in a personal political battle against PDM, with no substance or merit?

Has she or her lawyer responded?

Isn't it possible that her mortgage company (like many others) got into trouble with the sub-primes by trying to help their clients who got into trouble with sub primes and ended up doing something unethical or illegal?

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