Academy Mortgage To Pay $38.5M In FCA Suit Over Bad Loans

By Gina Kim · December 14, 2022, 7:20 PM EST

Academy Mortgage will pay $38.5 million to resolve a False Claims Act case filed in California federal court by a former underwriter-turned-whistleblower who alleged the mortgage lender for years was pushing...

To view the full article, register now.

Try a seven day FREE Trial

Already a subscriber? Click here to login

Case Information

Case Title

United States of America et al v. Academy Mortgage Corporation

Case Number

Court

California Northern

Nature of Suit

Other Statutes: False Claims Act

Date Filed

April 21, 2016

Recent Articles By Gina

October 30, 2024
9th Circ. Says Calif. City Can't Sue State Over Housing Laws
September 25, 2024
3 NJ Attys Charged With Bank Fraud In Short-Sale Scheme
July 18, 2024
Las Vegas Developer Says SEC's EB-5 Fraud Suit Falls Short
June 03, 2024
PacifiCorp To Pay $178M To 400 Oregonians Over Fires
May 31, 2024
9th Circ. Says LA's COVID-19 Eviction Ban Was No Taking
May 07, 2024
LA Sued For Landmarking House Marilyn Monroe Died In
April 15, 2024
4th Circ. Upholds W.Va.'s Win In Coal Mine Cleanup Suit
April 11, 2024
LA's COVID-19 Anti-Eviction Law A Taking, 9th Circ. Told
March 27, 2024
Jury Convicts Ex-LA Official Chan In City Hall Bribery Scandal
March 26, 2024
Ex-LA Deputy Mayor's Fate In Bribery Trial Goes To Calif. Jury