Justice Department Sues Allied Home for Broker Fraud

      The Justice Department is taking action against a home mortgage lender for conduct that led to the housing crisis.  In a civil fraud action filed in New York, the complaint alleges that Allied Home Mortgage Capital Corp. engaged in reckless mortgage lending, violated FHA mortgage insurance requirements, and lied about its compliance.  U.S. ex rel. Belli v. Allied Home Mortgage Capital Corp., No. 11-05443 (S.D.N.Y.). 

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