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In Their Own Words -- McQuade

Posted  December 29, 2016

— “When lenders breach their duty of due diligence and make risky loans that go bad, taxpayers pay the bill.”

U.S. Attorney for the Eastern District of Michigan Barbara L. McQuade, commenting on a recent FCA settlement involving the knowing origination and underwriting of FHA-insured mortgage loans that failed to meet applicable requirements. Read more here.

Tagged in: FCA Federal, Financial Institution Fraud, Housing and Mortgage Fraud, In Their Own Words,