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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.

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.

SLIDESHOW: Veterans, families mark 74 years since Allied D-Day landings

COLLEVILLE-SUR-MER, France — Families of fallen soldiers and dwindling numbers of veterans of the D-Day invasion gathered on the Normandy shore Wednesday to mark 74 years since the massive military operation that helped change the course of World War II.

Powerful gusts of wind blew through a heavy mist as relatives and others paid respects at the American military cemetery at Colleville-sur-Mer, above the sandy expanse known as Omaha Beach.

Ceremonies have been held this week at memorial sites along the cliffs and sandy expanse where Allied forces landed in Nazi-occupied France.

Thousands of U.S., British, Canadian and French troops launched a combined naval, air and land assault as dawn was breaking on June 6, 1944. The invasion weakened the Nazis’ hold on Western Europe after they suffered a punishing defeat in Stalingrad in the east.

American tourists and Dutch military history enthusiasts were among those visiting the memorial sites Wednesday, mingling with families of victims of the Battle of Normandy buried in cemeteries sprinkled around the region.

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!