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United Shore lands on DOJ hit list, will pay $48m for FHA lending violations

by Fraud Stoppers Admin | Dec 29, 2016 | Foreclosure Defense News, Tactics, and Tips

United Shore Financial Services will pay $48 million to settle allegations brought by the Department of Justice, which accused United Shore of violating the False Claims Act by “knowingly originating and underwriting” mortgages that did not meetFederal Housing...

BB&T to pay $83 million for FHA lending violations

by Fraud Stoppers Admin | Oct 2, 2016 | Foreclosure Defense News, Tactics, and Tips

Branch, Banking & Trust Company (known more commonly as BB&T) will pay $83 million to settle allegations brought by the Department of Justice, which accused the lender of violating the False Claims Act by falsely certifying that it complied with “critical...