Thursday, December 1, 2016

Allied Home #mortgage, CEO Jim Hodge ordered to pay $92 million for FHA fraud

A little over five years ago, the government sued Allied Home #mortgage, its various entities, and its president and CEO, Jim Hodge for $834 million, claiming that Allied engaged in repeated fraud against the Federal Housing Administration over a 10-year period. Now, after a long legal battle, the government secured a victory against Allied Home #mortgage and Hodge, as this week, a federal jury unanimously found Allied Home #mortgage and Hodge liable for civil #mortgage fraud. http://www.housingwire.com/articles/38658-allied-home-mortgage-ceo-jim-hodge-ordered-to-pay-92-million-for-fha-fraud ❤️ #share #mortgage



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