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Allied Mortgage

Allied Mortgage - News

Smooth Passage
Smooth Passage Hopefully Bendtner's inept performance will force Wenger's hand in the transfer market but you wouldnt want to put your mortgage on it. The thought of him Allied to this is the number who cannot get to the game on time or have to leave early. Have to?

RICS: Lenders must stop 'confetti' claims to ease valuation delays
The report was commissioned following an investigation by , which mystery shopped three of the UK's biggest valuation firms. However, Allied Surveyors chief executive Robert Pearson says he cannot see an end to the “confetti” letters.

Champion Awards Rebrands As T-Shirt Champions
Mortgage buyer Freddie Mac said Thursday the average for the 30-year loan declined to 4.39 percent from 4.41 percent last week. The average for the 15-year loan slipped to 3.44 percent from 3.45 percent. Mortgage The event, to be held in the lower

Demonizing Edward Snowden
With the exception of a promise that a handful or so of select, still unnamed heads of state who are deemed to represent “friendly and allied nations,” no one, including top government officials around the world, would be exempt from National Security

About Allied Mortgage Direct

Allied Home Mortgage ordered to pay $296 million for widespread FHA fraud

Last year, after a  long legal battle , the government secured a victory against Allied Home Mortgage and Hodge, when a federal jury unanimously found Allied Home Mortgage and Hodge liable for civil mortgage fraud and awarded the United States a total of $92,982,775 in damages, including $7,370,132 against Hodge.

But the case wasn’t done yet, and as it turns out, Allied Home Mortgage and Hodge will have to pay much more than first thought.

The U.S. Attorney’s Office for the Southern District of New York announced Tuesday that a federal judge in Texas more than tripled the jury’s award, pushing the total judgment against Allied to more than $296 million.

The judge also ordered Hodge to pay $25 million, up from his initial $7.37 million fine.

According to the U.S. Attorney’s Office, United States District Judge George C. Hanks Jr. of the Southern District of Texas, who presided over the trial, elected to increase the jury’s award under provisions of the False Claims Act and the Financial Institutions Reform, Recovery, and Enforcement Act.

Final: Judge Triples Damages against Allied Home Mortgage to $268M

Branch Manager Peter Belli Claims Allied Falsely Certified FHA-Insurance Loans

Tuesday’s verdict against Allied Capital started in 2011, when former Allied branch manager, Peter Belli, filed a qui tam whistleblower lawsuit against Allied and CEO Jim Hodge claiming the company was certifying high-risk loans as eligible for FHA insurance. Belli’s case was one of just two major post mortgage meltdown cases that went to trial (the other being a Manhattan case against Countrywide).

U.S. mortgage and bank fraud whistleblower lawyer, Brian Mahany, served as Belli’s counsel. Mahany also acted as lead whistleblower counsel in the 2014 record-setting $16.65 billion settlement against Bank of America resolving claims surrounding Countrywide’s sale of corrupt mortgage-backed securities.

"We filed this case as a whistleblower action, said Mahany. “The late Peter Belli was a branch manager at Allied and knew what the company was doing. When senior management wouldn't listen to Mr. Belli, he filed a complaint under the False Claims Act. Unfortunately, he passed before he could see Tuesday's victory. He would be proud of the hard work by the Justice Department, HUD and all the other agencies that worked together to see justice prevail."

Breaking News: Ally Financial's mortgage unit?

ready to file for Bankrupcty. Should we be concerned..?

ALLY Financial is the country's 5th largest Lender, whatever that means.

What kind of company is ALLY Financial.? and should we be concerned?