Countrywide Whistleblower Receives $14.5 Million in Mortgage Fraud Case

After filing a 2009 qui tam lawsuit against Countrywide Financial on behalf of the United States government, whistleblower Kyle Lagow has learned that he will receive a relator’s share of $14.5 million. Lagow, who formerly worked as an appraiser with Countrywide subsidiary LandSafe Inc., accused the lender of fraudulently inflating […]

Massive Mortgage Fraud Scheme Ends in FCA Action Against Lender

The United States Department of Justice previously announced it was filing a False Claims Act lawsuit against one of the nation’s largest privately held mortgage brokers after more than a decade of fraudulent lending practices. Allied Home Mortgage Corporation, along with two of its officers, are facing allegations they cost […]

Mortgage Fraud Allegations at ABN Amro Leads to $41 Million Settlement

The Department of Justice (DOJ) previously announced a settlement reached with a Michigan-based mortgage lender in a False Claims Act case. ABN Amro Mortgage Group Inc., a subsidiary of LaSalle Bank Midwest, agreed to pay the government $41 million to resolve allegations that it falsified over 28,000 federally insured mortgages. […]

Mortgage Fraud: HAMP and the False Claims Act

The Home Affordable Modification Program (“HAMP”) is a federal program enacted to help eligible applicants with loan modifications on home mortgage debt. It was developed as a result of the subprime mortgage crisis, which began to devastate the financial market in 2008. HAMP is a foreclosure prevention program, providing loan […]

Mortgage Fraud: Beazer Homes Settles False Claims Act Suit

After being charged with fraudulent mortgage origination activities, a Georgia-based home builder and mortgage lender have agreed to settle a False Claims Act lawsuit. Beazer Homes USA Inc. and Beazer Mortgage Corporation have agreed to pay the government $5 million, plus contingent payments of up to $48 million. Headquartered in Atlanta, […]