U.S., States Probe Real-Estate Loan Broker.

The article reports on the investigation of Remington Financial Group and BlueStone Real Estate Capital based in Philadelphia, Pennsylvania. The U.S. Federal Bureau of investigation, Philadelphia Division and California's Department of Corporations are said to be determining whether these companies collected advance fees from prospective borrowers but did not seriously tried to obtain financing for them. Several Remington clients describe their experiences with Remington's failure to provide funding though the company collected advance fees from them.