Columbia National Settles Claims Its LOs Faked HUD Documents, and Quicken Loses Federal Appeal
June 9, 2006
Columbia National Mortgage will pay $800,000 to the government to settle claims loan officers faked and fabricated mortgage information submitted to the Department of Housing and Urban Development. American Home Mortgage bought the lender, which it renamed American Home Mortgage Servicing, in 2002. American Home was not aware of any misbehavior or pending lawsuits when it bought the troubled firm. …