Anatomy of a Fraud – U.S. v Allied Home Mortgage Goes to Trial

Allied Home Mortgage was once the largest privately held FHA lender in the United States. It wrote more mortgages than many big banks. That all came to a crushing halt in November 2011 when the U.S. Department of Justice intervened in a False Claims Act claim filed by a former branch manager turned whistleblower. At the same time, HUD took its own action to shut down the lending giant.Read the full article