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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.


  • Fri., June 26, 2009

    Ex-Met officer has filed Chapter 7 papers

    Thomas Masters, a former Metropolitan Mortgage and Securities Co. executive implicated in one of the fraudulent real estate schemes that unraveled the firm, has filed a $26 million personal bankruptcy …

  • Tue., Dec. 16, 2008, 8:05 p.m.

    Sandifur to pay $150,000 settlement

    C. Paul Sandifur, the former chief executive officer of bankrupt Metropolitan Mortgage & Securities Co., will pay $150,000 to refund investors and settle allegations that he improperly paid himself dividends …

  • Tue., Dec. 16, 2008, 7:46 p.m.

    Met class action suit advances

    A class action lawsuit involving more than 6,000 Metropolitan Mortgage & Securities Co. investors is moving toward trial in 15 months.

  • Sun., July 27, 2008

    Met investors to get $45 million

    About $45 million is set to be distributed to investors of Metropolitan Mortgage and Securities Inc. at the end of next week. It will be the second repayment following the …

  • Fri., June 20, 2008

    Second Met payout planned

    A long-awaited cash distribution to investors of bankrupt Metropolitan Mortgage and Securities will be mailed in late July.