DOJ: Loan Originator To Pay $2.7M To Resolve Predecessor’s Violations

(April 2, 2020, 7:38 AM EDT) -- WASHINGTON, D.C. — The U.S. Department of Justice announced March 31 that Finance of America Reverse (FAR) has agreed to pay $2.7 million to resolve allegations that its predecessor violated the False Claims Act when originating and underwriting Home Equity Conversion Mortgage (HECM) loans for senior homeowners age 62 and older that were insured by the Federal Housing Authority (FHA)....

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