Tag Archives: department of justice

Bank Agrees to Pay $64 Million to Resolve Alleged Liability Arising from FHA-Insured Mortgage Lending

The settlement resolves allegations that M&T Bank failed to comply with certain FHA origination, underwriting and quality control requirements. By Jeff Sorg, OnlineEd Blog (May 16, 2016) – M&T Bank Corp. (M&T Bank) has agreed to pay the United States $64 million to resolve allegations that it violated the False Claims Act by knowingly originating and underwriting […]

Loan Modification Scam Operater that Targeted Distressed Homeowners Sentenced to 18 Years in Federal Prison

The founder and co-owner of a Rancho Cucamonga business was sentenced yesterday to 18 years in federal prison By Jeff Sorg, OnlineEd Blog (December 8, 2015) –  RIVERSIDE, California – The United States Department of Justice is reporting that the founder and co-owner of a Rancho Cucamonga business was sentenced today to 18 years in federal prison […]

CFPB Files Against Provident Funding Associates for Discriminatory Mortgage Pricing

(Jeff Sorg, OnlineEd) WASHINGTON, D.C. – Today, the Consumer Financial Protection Bureau (CFPB) and the Department of Justice (DOJ) filed a joint complaint against Provident Funding Associates for charging higher broker fees on mortgage loans to African-American and Hispanic borrowers. The agencies also filed a proposed order that, if entered by the court, would require Provident […]