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NEWTON v. UNITED COMPANIES FINANCIAL CORP.

No. CIV. A. 97-5400.

24 F.Supp.2d 444 (1998)

Margaret NEWTON, et al., Plaintiffs, v. UNITED COMPANIES FINANCIAL CORP., et al., Defendants.

United States District Court, E.D. Pennsylvania.

November 5, 1998.

Attorney(s) appearing for the Case

Irv Ackelsberg, Alan White, Community Legal Services, Inc., Philadelphia, PA, David A. Searles, Donovan, Miller, LLC, Philadelphia, PA, for Plaintiff.

Alan C. Gershenson, Blank Rome Comisky & McCauley, Philadelphia, PA, for Defendants.

FINDINGS OF FACT AND CONCLUSIONS OF LAW

KATZ, District Judge.

AND NOW, this 5th day of November, 1998, after a bench trial, the court makes the following findings of fact and conclusions of law:

Introduction

1. This is an action brought by four low-income homeowners against a lender with whom they each entered into high-priced mortgage loans to finance home improvements. They allege a "loan packing" scheme in...

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