N.Y. mortgage lender settles U.S. civil fraud lawsuit | Business Information & News | Westlaw

N.Y. mortgage lender settles U.S. civil fraud lawsuit | Business Information & News | Westlaw

View on Westlaw or start a FREE TRIAL today, N.Y. mortgage lender settles U.S. civil fraud lawsuit, Business Information & News
12/31/14 REUTERS 21:01:03
REUTERS
Copyright © 2014 Thomson Reuters
December 31, 2014
N.Y. mortgage lender settles U.S. civil fraud lawsuit
Jonathan Stempel
NEW YORK (Reuters) - A New York mortgage company has agreed to a $36 million judgment and its former president will pay $300,000 to resolve civil claims that they defrauded the federal government into insuring poor quality home loans, costing...
---- Index References ----
Company: DEUTSCHE BANK AG; BANK OF AMERICA CORP; WELLS FARGO AND CO; CITIGROUP INC; GOLDEN FIRST MORTGAGE CORP
News Subject: (Government Litigation (1GO18); Legal (1LE33))
Industry: (Loans (1LO12); Mortgage Banking (1MO85); Banking (1BA20); Consumer Finance (1CO55); Financial Services (1FI37); Retail Banking Services (1RE38))
Region: (North America (1NO39); New York (1NE72); USA (1US73); Americas (1AM92); U.S. Mid-Atlantic Region (1MI18))
Language: EN
Other Indexing: (Brendan McDermid; Kevin Keating; Preet Bharara; Jim Margolin; David Movtady)
Keywords: banking; securities (MCC:OEC); (N2:US); (N2:USANY); (N2:AMERS); (N2:USA); (MCCL:OVR); (MCCL:OEC)
Word Count: 441
End of Document© 2024 Thomson Reuters. No claim to original U.S. Government Works.