Search results
Nov 30, 2016 · A federal jury found Allied Home Mortgage Capital Corporation, Allied Home Mortgage Corporation and Jim C. Hodge liable for violating the False Claims Act and the Financial Institutions Reform, Recovery and Enforcement Act of 1989. The jury awarded the United States $92 million in damages and penalties for fraudulently misrepresenting FHA-insured mortgage loans.
Jun 25, 2020 · Allied Home Mortgage Capital Corporation and Allied Home Mortgage Corporation were found liable for violating the FCA and FIRREA in a federal mortgage insurance program. The Supreme Court refused to hear their appeal on the causation standard for FCA claims, leaving them with a $300 million judgment.
People also ask
Was allied home mortgage liable for mortgage fraud?
Are allied capital and Allied Corporation the same company?
Is Allied Capital HUD approved?
Is allied a mortgage broker?
Nov 1, 2011 · The government sued Allied and its founder for allegedly defrauding the FHA and costing taxpayers $834 million. The suit follows years of warnings and sanctions against the company, which had a high default rate and a culture of corruption.
Sep 19, 2017 · At the time, the government claimed that Allied Home Mortgage and Allied Home Mortgage Capital Corporation, at Hodge’s direction, committed repeated violations of federal law by...
- Ben Lane
Jun 22, 2020 · Jim C. Hodge and companies formerly known as Allied Home Mortgage Capital Corp. and Allied Home Mortgage Corp. had challenged the U.S. Court of Appeals for Fifth Circuit’s ruling that they violated the False Claims Act by making false certifications to obtain mortgage insurance.
Nov 30, 2016 · HOUSTON – A federal jury has found the entities formerly known as Allied Home Mortgage Capital Corporation (Allied Capital) and Allied Home Mortgage Corporation (Allied Corporation) as well as president and CEO Jim C. Hodge liable in connection with more than a decade of fraudulent misconduct related to Allied’s participation in the Federal ...
