Volume 7 - Number 4
February 14, 2014
Robo-sign Figure Sues 22 Firms for FHA Fraud
The whistleblower whose investigative efforts led to the landmark $25 billion national mortgage settlement between the federal government, 49 state attorneys general and five of the largest mortgage servicers is at it again. This time, Lynn Szymoniak is suing 22 companies for using fraud to obtain FHA insurance in some instances, VA guaranties for defective loans that later were securitized through Ginnie Mae and sold to investors. Szymoniak, who is suing under the False Claims Act, gained notoriety from a 2011 interview on 60 Minutes in which she ...
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