May 13, 2016
Posted May 16, 2016
Buffalo, New York-based M&T Bank Corp agreed to pay $64 million to settle charges it violated the False Claims Act by knowingly originating and underwriting mortgage loans insured by the Department of Housing and Urban Development’s (HUD) Federal Housing Administration (FHA) that did not meet applicable requirements. Specifically, the government alleged that M&T Bank failed to comply with certain FHA origination, underwriting and quality control requirements. DOJ
Tagged in: FCA Federal, Financial Institution Fraud, Housing and Mortgage Fraud,