The Federal Trade Commission said Thursday that it had penalized seven subprime mortgage lenders for abusive lending practices.

Cited as part of the commission's "Operation Home Inequity" campaign were: Barry Cooper Properties of Encino, Calif.; CLS Financial Services Inc. of Lynnwood, Wash.; Granite Mortgage LLC of Lexington, Ky.; Interstate Resource Corp. of Newburgh, N.Y.; LAP Financial Services Inc. of Louisville, Ky.; and Wasatch Credit Corp. of Salt Lake City. The firms were ordered to repay borrowers amounts ranging from $25,000 to $250,000.

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