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Jun 2, 2020 by |

California and San Francisco Whistleblower Attorney: Blowing The Whistle On Mortgage Fraud

ATTORNEY NEWSLETTER

HUD Violations By Lender

Whistleblowers Rewarded For Blowing Whistle

Fraud May Constitute Numerous Statutory Violations

Any mortgage lender that submits false claims to the government regarding mortgages insured by the Department of Housing and Urban Development’s (HUD), the Federal Housing Administration (FHA) or guaranteed by the Department of Veterans Affairs (VA) may violate both the False Claims Act (“FCA”), 31 U.S.C. § 3730(d), and the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 (“FIRREA”), 12 U.S.C. § 1831k et seq. The U.S. Department of Justice (“DOJ”) recently announced a $15.6 million settlement of a case* against a mortgage issuer for allegedly violating HUD regulations in the issuance of government-insured mortgages. The whistleblower (a former employee of the issuer) will receive a reward of over $2.44 million. The San Francisco and California whistleblower attorneys at Evans Law Firm, Inc. represent individuals with credible information of fraudulent practices in mortgage transactions that constitute fraud against the government. If you have credible information for a whistleblower or qui tam case, call the whistleblower/qui tam attorneys at Evans Law Firm, Inc. today at (415) 441-8669.

In the recently reported case, a former employee of a lender initiated a whistleblower case under the FCA and FIRREA alleging that the lender’s underwriting practices did not comply with government regulations and that the lender was falsely submitting claims regarding certain loans it alleged were in default. Under both the FCA and FIRREA individuals to share in any potential recovery made by the Government. See 31 U.S.C. § 3731 (FCA); 12 U.S.C. §§ 4201 et seq. (rewards for FIRREA whistleblower cases).

Mortgage Underwriting Practices Can Violate Federal and State Law

A lender’s actions may constitute violations of HUD lending regulations, 24 CFR Parts 200 and 206 et seq.; the Fair Housing Act, 42 U.S.C. §§ 3601 et seq.; the Truth In Lending Act, 15 U.S.C. §§ 1601 et seq.; the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 (“FIRREA”) and Financial Institutions Anti-Fraud Enforcement Act of 1990 (“FIAFEA”), 12 U.S.C. § 1831k and 12 U.S.C. §§ 4201 et seq., and other federal and California statutes, Our whistleblower lawyers will incorporate all federal and State law violations in any complaint for wrongdoing. If you have original information of this kind of fraud or any other fraud being perpetrated against the government here in San Francisco or elsewhere in California, call Ingrid M. Evans and the other whistleblower attorneys at Evans Law Firm, Inc. If your employer retaliates against you for blowing the whistle on fraud, our litigators can also represent you in any action for wrongful termination.

Contact Us

Evans Law Firm, Inc. also represents whistleblowers in cases involving false claims for Medicare and Medicaid reimbursement, securities fraud under the Commodities Futures Trading Commission Whistleblower Program and the Securities and Exchange Commission Whistleblower Program, the Internal Revenue Service Whistleblower Office, the FINRA Whistleblower Office or the California False Claims Act. Contact Ingrid M. Evans and the other California whistleblower attorneys at Evans Law Firm, Inc. at (415) 441-8669, or by email at <a href=”mailto:info@evanslaw.com”>info@evanslaw.com</a>. Our attorneys also have experience with complex financial contract litigation, and large insurance companies. We can help guide your case through whistleblower false claims applications, discovery and investigation, a jury trial or toward an equitable settlement. We also handle cases involving physical and financial elder abuse, nursing home abuse, whole life insurance and universal life insurance, and indexed, variable, and fixed annuities.

*Evans Law Firm, Inc. was not involved in the reported case in any way.

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