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Tag: shawn portmann


Portmann won’t have enough company behind bars

This editorial will appear in Thursday’s print edition.

Score one for the people who lost their homes, the shareholders who lost their money and the hundreds of millions who suffered as a result of the financial meltdown of 2007.

Shawn Portmann, once one of the nation’s top mortgage lenders, landed in prison Monday for criminal mortgage practices. His short career epitomizes the naked greed and slick dealing that wrought incalculable harm on this country.

Portmann is atypical in one respect, though: Unlike nearly everyone else who created, sold or repackaged fraudulent home loans, he’s actually behind bars. Read more »