Tag: Jim C. Hodge

UNBELIEVABLE: In Alarming Fraud Allegations, Feds Say HUD-Insured Loans Issued Through Allied Home Mortgage Corp. Led To Huge Losses For U.S. Taxpayers — While Firm Used Tax Break And Virgin Islands ‘Quality-Control’ Employees Who ‘Did Not Know What HUD Was Or Even What A Mortgage Was’

BULLETIN: Federal prosecutors in New York have filed a civil complaint against Allied Home Mortgage Capital Corp., Allied Home Mortgage Corp. and two Allied executives that alleges the U.S. Department of Housing and Urban Development (HUD) was put on the hook for at least $834 million in losses because of fraud at Allied. Part of…

Nov 1, 2011

UNBELIEVABLE: In Alarming Fraud Allegations, Feds Say HUD-Insured Loans Issued Through Allied Home Mortgage Corp. Led To Huge Losses For U.S. Taxpayers — While Firm Used Tax Break And Virgin Islands ‘Quality-Control’ Employees Who ‘Did Not Know What HUD Was Or Even What A Mortgage Was’