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Finance of America reaches FHA fraud settlement
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The Blotter
Monday, December 17, 2018
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Finance of America Mortgage LLC has agreed to pay the United States $14.5 million to resolve allegations that Gateway Funding Diversified Mortgage Services, L.P. , which it acquired in 2015, violated the False Claims Act by knowingly originating and underwriting deficient mortgage loans insured by the U.S. Department of Housing and Urban Developmentās Federal Housing Administration. Read on for more details.
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