Saturday , 23 January 2021

New York Lender Settles Over Mortgage Fraud Suit

By Brian Honea

The Great Neck, New York-based Golden First agreed to pay $36 million to settle a complaint originally filed by the United States in April 2013 and amended in August 2013. In the complaint, the government accuses Golden First of violating the False Claims Act through years of misconduct relating to the mortgage company’s participation in the Federal Housing Administration (FHA)’s Direct Endorsement Lender Program.

The post New York Lender Settles Over Mortgage Fraud Suit appeared first on theMReport.com.

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