The Denver law firm that foreclosed on more Colorado homeowners than any other could not have padded its billings because the banks and federal mortgage insurers it represented micro-managed nearly every aspect of the process to ensure the speediest outcome, one of its owners said Wednesday.

At the height of the mortgage crisis, the Castle Law Group handled as many as 500 new foreclosures a week in which every fee, cost and expense assessed by attorneys — down to the number and value of stamps used to mail documents — was scrutinized by their clients, partner Caren Castle testified in a civil trial accusing her and others of fleecing consumers with unfairly high prices.

Those clients — from Bank of America and Chase, to Wells Fargo and Washington Mutual — and federal insurers Fannie Mae and Freddie Mac wanted only one thing, Castle said: clear title to the property as quickly as possible.

[DENVER POST]

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