The parent of United Wholesale Mortgage has agreed to settle allegations that it pressured and compensated underwriters to approve government-insured mortgages.
United Shore Financial Services LLC has reached a settlement tied to False Claims Act violations in making loans insured by the Federal Housing Administration.
According to the Department of Justice, the Troy, Michigan-based firm knowingly originated and underwrote FHA-insured loans that didn’t meet FHA requirements.
Source: Mortgage Daily
