Default by Nursing Home Chain on HUD-Guaranteed Mortgage Highlights Potential for Fraud in Section 232 Program
Posted 06/3/19
Archive
Catch of the Week — General Electric to Pay $1.5 Billion under FIRREA in Subprime Loan Scheme
Posted 04/12/19
Top Ten Federal Financial Fraud Recoveries of 2018
Posted 01/25/19
Catch of the Week — Universal American Mortgage Company
Posted 10/19/18
Catch of the Week: RBS Agrees to Pay $4.9 Billion
Posted 08/17/18
Barclays Agrees to Pay $2 Billion in Civil Penalties
Posted 03/30/18
By <the C|C Whistleblower Lawyer Team
Barclays will pay the United States two billion dollars to settle a civil action filed in December 2016 in which the United States sought civil penalties for alleged conduct related to Barclays’ underwriting and issuance of residential mortgage-backed securities (RMBS) between 2005 and 2007. Agreement has also been reached with two former Barclays executives who were named as...
The Former Khmer Rouge Slave Who Became a Whistleblower Against Wells Fargo
Posted 03/26/18
The New York Times reports on former Wells Fargo employee Duke Tran who blew the whistle on the company for allegedly being ordered to lie to customers who were facing foreclosure in 2014. Mr. Tran was fired from his job at Wells Fargo and since then has been locked in a four-year legal battle with the company alleging he was fired as retaliation for blowing the whistle on the bank’s alleged deceptive practices. Mr....
Deloitte & Touche Settles FCA Suit for $149.5M
Posted 03/1/18
By the C|C Whistleblower Lawyer Team
Deloitte, the world’s largest accounting and consulting company, has settled allegations arising from its role as an outside auditor of Taylor, Bean & Whitaker Mortgage Corp. (TBW), a failed mortgage broker that issue FHA and HUD secured loans. At one time, TBW was one of the largest privately held mortgage lending companies in the US, issuing over $35B in mortgages in 2007...
Deloitte & Touche Settles FCA Suit for $149.5M
Posted 03/1/18
By the C|C Whistleblower Lawyer Team
Deloitte, the world’s largest accounting and consulting company, has settled allegations arising from its role as an outside auditor of Taylor, Bean & Whitaker Mortgage Corp. (TBW), a failed mortgage broker that issue FHA and HUD secured loans. At one time, TBW was one of the largest privately held mortgage lending companies in the US, issuing over $35B in mortgages in 2007...
$45 Million Multi-State Settlement With PHH Mortgage Corporation
Posted 01/5/18
By the C|C Whistleblower Lawyer Team
Forty-nine states and the District of Columbia reached a $45 million settlement with New Jersey-based mortgage lender and servicer PHH Mortgage Corporation. The settlement resolves allegations that PHH, the nation’s ninth largest non-bank residential mortgage servicer, improperly serviced mortgage loans from January 1, 2009 through December 31, 2012. The settlement does not...