Franklin American Mortgage Co. has agreed to pay $70 million to settle federal charges that the mortgage lender originated federally insured mortgage loans that didn’t meet underwriting requirements, the U.S. Department of Justice announced Wednesday. The Franklin-based lender was accused of violating the federal False Claims Act in relation to loans insured by the U.S. Department of Housing and Urban Development’s Federal Housing Administration. The loans in question were certified for FHA…
from
http://www.bizjournals.com/nashville/blog/money/2015/12/franklin-american-reaches-70settlement-in-federal.html
No comments:
Post a Comment