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