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Allied Home Mortage

520LOAN - Allied Home Mortgage Corp Info

Testimonials and Company information for Terry Green, Mortgage Lender at Allied Home Mortgage Corp. Where to go to get a good mortgage.

DOJ Gives Mixed Messages on False Claims Act Enforcement

On Dec. 21, 2017, the Department of Justice published its annual False Claims Act year-in-review, outlining the statistics of its False Claims Act bounties from the prior year. The publication serves as a reminder and warning to health care companies and government contractors that reckless mismanagement will prove costly. And the eye-popping numbers serve as a siren song for would-be whistleblowers to come forward with their inside information of wrong doing. Lawyers and executives study this announcement, and others like it, as a forewarning about where the Government will focus its efforts next. But, at the same time, there have also been some unmistakably discordant notes in the messages from the DOJ and other branches of government about the dangers of excessive enforcement under the False Claims Act.

DOJ Annual Review

In the Annual Review for 2017, the DOJ announced that it collected over $3.7 billion in settlements and judgments under the false claims, bringing total collections to $56 billion since Congress reformed the False Claims Act in 1986. In glowing terms, the DOJ release described the year’s cases as “a message to those who do business with the government that fraud and dishonesty will not be tolerated.” And indeed it is.

Allied Home Mortgage hit with $296M False Claims Act judgment

Allied Home Mortgage Corp. was ordered to pay $296 million after a jury found the Texas lender violated the False Claims Act by defrauding the Federal Housing Administration insurance program for over a decade.

Jim Hodge, president and CEO of Houston-based Allied, was also ordered to pay $25.3 million.

Allied engaged in a "decade of fraudulent misconduct while participating in the Federal Housing Administration mortgage insurance program," Joon Kim, Acting U.S. Attorney for the Southern District of New York, said in a press release.

"Jim Hodge and Allied defrauded a federal mortgage insurance program designed to help spread the dream of homeownership, and then lied about it repeatedly. A jury saw through their lies, and now the court has imposed millions of dollars in additional penalties," according to the press release.

Allied could not be reached for comment as the company's main phone number "is not in service," according to a recording.

Does the EU subsidize your gas/mortage/electric bills? So why does Obama think the EU is the solution?

to America's problems?

How, exactly, will this help America?

I think he is full of sh*t!

Everytime I hear his goofy mulatto a$$ speak, with his pausing and choosing his words while swinging his head from side to side like a monkey it makes laugh!