On June 29, the United States Attorney’s Office for the Northern District of New York announced that Movement Mortgage, LLC, has agreed to pay the United States $23.75 million to resolve allegations that it violated the False Claims Act (FCA). The government alleges that Movement Mortgage failed to comply with program requirements when it originated and underwrote mortgages insured by the Department of Housing and Urban Development’s (HUD), Federal Housing Administration (FHA), or guaranteed by the Department of Veterans Affairs (VA). Movement Mortgage is based in South Carolina and underwrites loans across the country, including in upstate New York, where the allegations stem from.
Two former employees of Movement Mortgage blew the whistle on the company by filing a civil suit under the qui tam provision of the FCA. Qui tam claims enable private citizens to file lawsuits on behalf of the government if they know of an individual or company defrauding the government. Qui tam whistleblowers are eligible to receive between 15 and 30% of the government’s recovery. The whistleblowers in this case will receive $4,037,566.
“Lenders participating in mortgage programs backed by taxpayers must follow rules designed to protect both program integrity and homeowners,” said United States Attorney Freedman. “Today’s settlement holds Movement Mortgage accountable for its past violations, while acknowledging that it has taken steps to strengthen its internal controls to ensure future...
By Luminous Jannamike The Christian Association of Nigeria (CAN) has warned Rev. Isaac Omolehin of Word Assembly Ministry to retract what it described as false and defamatory claims about the body...