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Home » Store » News » M&T Bank in Talks with the DOJ to Resolve FHA-Related Charges; PHH Mortgage Gets Offer

M&T Bank in Talks with the DOJ to Resolve FHA-Related Charges; PHH Mortgage Gets Offer

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M&T Bank is attempting to reach a settlement with the Department of Justice to resolve an investigation into the bank’s origination of FHA loans and sales of conventional-conforming mortgages to Fannie Mae and Freddie Mac. The bank disclosed the investigation in its quarterly filings with the Securities and Exchange Commission, noting similar ongoing investigations at other financial institutions. A bank spokesman declined to comment beyond what was disclosed in the SEC filing but noted that the government agencies are conducting one investigation. On the FHA side, DOJ and the Department of Housing and Urban Development’s Office of the Inspector General are investigating...
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