Mortgage Underwriting Fraud in 2016 – Whistleblower Post

The days of the billion dollar mortgage underwriting fraud may be over. That hasn’t stopped lenders from running afoul of the False Claims Act, however. 2016 was the third best year ever for the Justice Department in terms of whistleblower lawsuit recoveries. Much of that success comes from the mortgage industry. By the numbers, the government collected $4.7 billion in 2016.Read the full article