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Metropolitan Mortgage

In January 2004, Metropolitan Mortgage declared bankruptcy, taking down with it the fortunes of many investors who placed their trust in the decades-old Spokane company.


Stories


  • Thu., Sept. 2, 2010

    Open space designation fields many nominees in county

    Three dozen properties have been nominated for purchase by Spokane County’s Conservation Futures program. The candidates to become permanent open space vary from half an acre to 920 acres and …


  • Sun., May 23, 2010

    Settlement squeezes out a bit more Met money

    C. Paul Sandifur Jr., the former chairman and chief executive officer of Metropolitan Mortgage & Securities Co., will pay $23,000 to investors in the bankrupt company as part of a …


  • Wed., Feb. 24, 2010

    New settlement in Met suit

    A $38 million settlement proposed Tuesday in the Metropolitan Mortgage & Securities Co. class action lawsuit would help several thousand investors recoup some losses from Spokane’s largest business collapse. Investors …


  • Sun., Dec. 13, 2009

    Met Mortgage creditors get 2 more cents on the dollar

    More checks are in the mail for creditors of bankrupt Metropolitan Mortgage & Securities Co. This third round of partial payouts splits about $10.4 million among 15,500 people who held …


  • Wed., Aug. 19, 2009

    Amid cleanup dispute, project could have new developer

    An $8 million legal dispute has erupted over the bill to clean up pollutants at Kendall Yards, the stalled housing and business project along the north bank of the Spokane …

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