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Allied slapped with $93 million in penalties for mortgage insurance fraud

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Mortgage Professional America | 02 Dec 2016, 08:15 AM Agree 0
Allied Home Mortgage Corp. and Allied Home Mortgage Capital, along with their CEO, have been slapped with multimillion-dollar penalties after a jury found them responsible for more than a decade of mortgage insurance fraud
  • Luke Osborne | | 05 Dec 2016, 09:41 PM Agree 0
    It is terrible when a company culture encourages employees to be dishonest to meet goals rather than honestly help people finance a place to call home! You see the same type of culture at Wells Fargo that you see at Allied Home Mortgage. I am happy that they were fined such a huge amount! They are a black eye on the mortgage industry and the reason why the Feds have felt the need to interfere in more and more in the mortgage industry. Jim Hodge deserves every dollar that was fined on Allied!
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