Michigan Lender to Pay $4.2M in Fraud Settlement

By Brian Honea

Southfield, Michigan-based lender GTL Investments, Inc., recently agreed to pay $4.2 million to settle claims regarding the origination of federally-backed mortgage loans that were not properly underwritten, according to an announcement from U.S. Attorney for the Eastern District of Michigan Barbara McQuade.

The post Michigan Lender to Pay $4.2M in Fraud Settlement appeared first on theMReport.com.

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