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Mortgage Fraud

Walter Investment Management Corporation Settles Mortgage Fraud Case for $29 Million

Walter Investments has agreed to pay $29 million to settle allegations it falsely certified residential reverse mortgages as compliant with HUD guidelines.Image source: Wikimedia Commons In yet another mortgage fraud case, Walter Investment Management Corporation (Walter Investment) has agreed to pay over $29 million to resolve allegations it [...]

By | 2018-03-25T13:50:56+00:00 September 16th, 2015|Mortgage Fraud|

First Tennessee Bank Agrees to Staggering Quarter-Billion Dollar Mortgage Fraud Settlement

In another mortgage fraud settlement, Nashville’s First Tennessee Bank has agreed to pay $212 million to settle claims it defrauded the government when approving residential mortgage applicants. Image source: Wikimedia Commons Mortgage fraud continues to plague the government’s anti-fraud task forces, notwithstanding the widespread 2008 economic downturn caused [...]

By | 2018-03-26T01:44:29+00:00 June 12th, 2015|Mortgage Fraud|

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 [...]

By | 2018-03-27T02:42:19+00:00 March 20th, 2015|Mortgage Fraud|

Bank of America Faces False Claims Act Lawsuit Involving Federal Refinance Program

A whistleblower lawsuit has been filed alleging Bank of America cheated the U.S. government out of funds allocated for the Home Affordable Refinance Program (HARP).Image source: Wikimedia Commons Following the 2008 housing crisis, the federal government went to great lengths to ensure struggling homeowners were afforded every possible [...]

By | 2018-03-25T12:46:55+00:00 January 30th, 2015|Mortgage Fraud|

Virginia Attorney General Initiates Record-Shattering False Claims Act Lawsuit

Commonwealth of Virginia Attorney General Mark R. Herring has initiated a $1.15 billion False Claims Act lawsuit against 13 banks for fraudulently misleading the Virginia Retirement System. Image source: Wikimedia Commons Earlier this month, Virginia Attorney General Mark R. Herring announced a record $1.15 billion lawsuit against several [...]

By | 2018-03-25T14:04:21+00:00 October 7th, 2014|Mortgage Fraud|

California District Court Reviews Public Disclosure Bar in Light of False Claims Allegations by Realtor

The federal False Claims Act contains several provisions that essentially work to bar plaintiffs with certain types of actions from filing a whistleblower claim. One of these bars is known as the “public disclosure bar,” and it prevents a whistleblower from filing a claim involving allegations of fraud against the [...]

By | 2018-03-27T09:48:50+00:00 August 22nd, 2014|False Claims Act Legal News|
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