Items Tagged with 'Allied Home Mortgage Corp.'


  • Allied Home Mortgage ordered to pay $296 million for widespread FHA fraud

    Judge triples initial jury award of $93 million
    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.
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