by Brian Mahany Bank of America settled federal charges that it violated the Fair Housing Act and Equal Credit Opportunity Act. The complaint was brought by HUD on behalf of disabled borrowers. Federal law forbids banks from discriminating against borrowers on the basis of disability. As long as you can afford your mortgage, bankers should […]
The 9 Lives Of Jim Hodge
by Brian Mahany Folk legend says cats have 9 lives. People don’t. Anyone following the storied career of mortgage pirate Jim Hodge might feel otherwise. We are confident, however, that the game is finally over. Yesterday, HUD’s Mortgagee Review Board started the process to shut down Hodge once and for all. A letter from the […]
Flagstar Fraud Case Settles for $133 Million
by Brian Mahany Flagstar Bank is the latest large lender to settle federal charges of mortgage fraud. Although Flagstar is based in Troy, Michigan, the case was prosecuted by the United States Attorney in Manhattan. (To date many of the large cases including our firm’s $2.4 billion dollar fraud case against Allied is being prosecuted […]