Items Tagged with 'Residential Home Funding Corp.'

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  • Residential Home Funding Corp. admits to FHA mortgage fraud; agrees to pay $1.67 million

    Settles lawsuit brought by Department of Justice
    Residential Home Funding Corp., a mortgage lender based in New York, committed Federal Housing Administration mortgage fraud by falsely certifying that certain loans qualified for FHA mortgage insurance, the company admitted in court this week. Residential Home Funding's admittance came as part of a settlement with the Department of Justice, which will see the lender pay a fine of $1.67 million for its actions.
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