MetLife, Successor to Pay $123.5M for Alleged Mortgage Lending Violations, Fraud
The layers of the mortgage fraud onion keep peeling...
— Shayne Stevenson
"MetLife Home Loans LLC has agreed to pay the United States $123.5 million to resolve allegations that MetLife Bank N.A. (MetLife Bank) violated the False Claims Act by knowingly originating and underwriting mortgage loans insured by the U.S. Department of Housing and Urban Development’s (HUD) Federal Housing Administration (FHA) that did not meet applicable requirements, the Justice Department announced today." Full article »