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Mortgage Co. Pays $70M To Nix Suit Over FHA-Insured Loans

By John Kennedy ( December 2, 2015, 7:46 PM EST) -- A Tennessee mortgage company has agreed to pay $70 million to resolve allegations that it violated the False Claims Act by knowingly originating and underwriting loans insured by the Federal Housing Administration that weren't eligible for the insurance, the U.S. Department of Justice said Wednesday....

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