Academy Mortgage to pay $38.5M to settle underwriting fraud lawsuit
The Draper, Utah-headquartered lender Academy Mortgage Corporation has agreed to pay $38.5 million to settle allegations that it improperly originated and underwrote mortgages insured by the Federal Housing Administration (FHA). The Department of Justice‘s settlement announcement on Wednesday resolves a lawsuit filed by former Academy Mortgage underwriter Gwen Thrower in the Northern District of California […]