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2. US Files Civil Mortgage Fraud Lawsuit Against Wells Fargo - AOL

   www.aol.com/news/2012-10-09-us-files-civil...

   The lawsuit alleges the FHA paid hundreds of millions of dollars on insurance claims on thousands of defaulted mortgages as a result of false certifications by Wells Fargo, the fourth-biggest U.S ...

3. Mortgage discrimination - Wikipedia

   en.wikipedia.org/wiki/Mortgage_discrimination

   FHA loans, a federal mortgage program, went to the white majority and reached few minorities. In a study done in Syracuse, between 1996 and 2000, of the 2,169 FHA loans issued only 29 or 1.3 percent went to predominantly minority neighborhoods compared with 1,694 or 78.1 percent that went to white neighborhoods. [11]

4. Housing discrimination in the United States - Wikipedia

   en.wikipedia.org/wiki/Housing_discrimination_in...

   The FHA believed allowing Black Americans to live in white neighborhood would decrease the property value. This justification, however, was disproven as Black Americans were willing to pay higher prices to live in those neighborhoods. [7] The FHA was also responsible for denying mortgage insurance to Black neighborhoods, a practice known as ...

5. Redlining - Wikipedia

   en.wikipedia.org/wiki/Redlining

   With the National Housing Act of 1934 the federal government began to be involved in the practice and the concurrent establishment of the Federal Housing Administration (FHA). [17] The FHA's formalized redlining process was developed by their Chief Land Economist, Homer Hoyt , as part of an initiative to develop the first underwriting criteria ...

6. FHA job cuts threaten to disrupt major piece of US mortgage ...

   www.aol.com/finance/fha-job-cuts-threaten...

   Although sellers may prefer conventional mortgages, FHA loans have historically made up more than 10% of the market. Last year, 14.5% of purchase mortgages were FHA insured, along with nearly 11% ...

7. Government policies and the subprime mortgage crisis

   en.wikipedia.org/wiki/Government_policies_and...

   As early as February 2004, in testimony before the U.S. Senate Banking Committee, Alan Greenspan (chairman of the Federal Reserve) raised serious concerns regarding the systemic financial risk that Fannie Mae and Freddie Mac represented. He implored Congress to take actions to avert a crisis. [10]

8. False Claims Act of 1863 - Wikipedia

   en.wikipedia.org/wiki/False_Claims_Act_of_1863

   The False Claims Act has a detailed process for making a claim. Mere complaints to the government agency are insufficient to bring claims under the Act. A complaint (lawsuit) must be filed in a U.S. District Court (Federal court) in camera (under seal).

9. LA lawmakers threaten landlords with fines as high as $50K in ...

   www.aol.com/news/la-lawmakers-threaten-landlords...

   The Los Angeles City Attorney's Office filed a lawsuit this week against Blueground, a short-term rental company that advertises properties. LA lawmakers threaten landlords with fines as high as ...