Nearly six years ago, the government sued Allied Home Mortgage for $834 million, claiming the company engaged in repeated fraud against the FHA over a 10-year period. Last year, a federal jury unanimously found Allied Home Mortgage liable for civil mortgage fraud and awarded the United States nearly $93 million. But the case wasn’t done yet, and as it turns out, Allied Home Mortgage and its CEO will have to pay much, much more than first thought. Click the headline to read more. …read more
From:: Real Estate Wire