Relevant:
- Flagstar To Be Investigated For Securities Fraud On FHA Loans
- Manhattan U.S. Attorney Files Mortgage Fraud Lawsuit Against Wells Fargo Bank, N.A. Seeking Hundreds Of Millions Of Dollars In Damages For Fraudulently Certified Loans
- Assured Guaranty, Flagstar make final pleas in key loans case
- Genworth Insures Unemployed Flagstar Borrowers Against Mortgage Default
- Flagstar may have to sell collection contracts at loss - report
2012-10-05 — yahoo.com
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The case is Assured Guaranty Municipal Corp v Flagstar Bank, FSB in U.S. District Court for the Southern District of New York, No. 11-2375
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Troy, Michigan-based Flagstar, which says it has assets of $14.4 billion and is one of the largest savings banks in the United States, settled a civil lawsuit by the U.S. Department of Justice over home loans last February.
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Flagstar settled for $132.8 million in damages and penalties, the office of the Manhattan U.S. Attorney said in its announcement. The bank admitted and accepted responsibility for submitting false certifications that misled the U.S. Department of Housing and Urban Development and the Federal Housing Administration.
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