Deutsche Bank Settlement Far From Last as HUD Works Down Its List of Indemnification Targets, Experts Warn
May 17, 2012
It will be long before the Department of Housing and Urban Development is done with its list of lenders targeted for indemnification, but a scarier prospect is having the U.S. Attorneys Office doing the collection, according to compliance experts. The number of defendants seeking legal representation in FHA-related False Claims Act cases, in which the government has taken over from original whistleblowers, has grown. If the work on our desks is any indication, HUD is way ahead in its enforcement of FHA origination rules and in seeking indemnification, which always increases during presidential....