Mortgage Fraud

Fifth Third Bank Agrees to Settle Extensive Mortgage Fraud Allegations

The U.S. Attorney’s Office recently announced an $85 million settlement with Cincinnati’s Fifth Third Bancorp over allegations of mortgage fraud. Image Source: Flickr CC user frankieleon In another case involving costly mortgage fraud, Cincinnati-based Fifth Third Bancorp recently settled False Claims Act allegations for $85 million.[1. United States Attorney’s [...]

Mortgage Fraud Allegations Unsealed Against Ocwen and Wells Fargo

A recently-unsealed False Claims Act lawsuit reveals plaintiffs’ allegations involving the wrongful default of home loans. Image source: Wikimedia Commons Mortgage fraud continues to be one of the top areas of recovery under the False Claims Act, with allegations stemming from the many of the blunders of 2008 just recently reaching a [...]

MetLife Home Loans LLC to Settle Mortgage Fraud Case for $125 Million

MetLife’s home mortgage division recently settled allegations of unlawfully certifying residential home loans in violation of federal guidelines for underwriting and creditworthiness review.Image source: Wikimedia Commons In the wake of the 2008 financial crisis, which was primarily fueled by the housing bubble burst, many less-than-lawful residential home loan [...]

Exploring the Bibby Case: Where Did the Relators Go Wrong?

The relators in the Bibby case were sanctioned for discussing the details of the case with the news media before the case was unsealed.Image source: Wikimedia Commons As we discussed in yesterday’s post, the Eleventh Circuit recently handed down a ruling in a case of first impression: What [...]

Filing Under Seal and United States ex rel. Bibby v. Wells Fargo

Wells Fargo unsuccessfully motioned to have the relators’ claims dismissed from its whistleblower lawsuit for alleged seal violations.Image source: Wikimedia Commons Over the next three posts, we will explore a recent case handled by the U.S. Court of Appeals for the Eleventh Circuit – a jurisdiction covering Alabama, [...]

Countrywide Whistleblower Receives Mega-Reward of $57 Million

A whistleblower responsible for exposing massive mortgage lending fraud was recently awarded $57 million following his willingness to come forward. Image source: Wikimedia Commons Under the False Claims Act’s qui tam provisions, individual private plaintiffs – who are often in a better position to report and relay the [...]

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