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NJ Lender Pays $113M To Settle Loan Insurance Violations

By Shayna Posses ( April 15, 2016, 4:37 PM EDT) -- New Jersey-based Freedom Mortgage Corp. on Friday agreed to pay $113 million to resolve False Claims Act allegations for knowingly originating and underwriting mortgage loans that didn't qualify for Federal Housing Administration insurance, causing substantial losses to the government when the loans defaulted. ...

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