November 28, 2022

FHA Wins $1 Billion From Bank of America For Claims Related To Mortgage Fraud

The Department of Housing and Urban Development (HUD) announced a $1 billion dollar settlement relating to mortgage fraud by Bank of America against the Federal Housing Administration (FHA). HUD, which had been investigating lending practices at Bank of America since 2009 said that Bank of America knowingly made FHA loans to unqualified home buyers.  HUD […]