FHA Commissioner: We’re easing False Claims Act use to bring big banks back to FHA lending | 2018-07-10 | HousingWire
In recent years, many of the nation’s largest banks moved away from Federal Housing Administration lending, scared off by the government’s increased use of the False Claims Act as a means to extract massive settlements from FHA lenders. But it appears that’s all about to change, as FHA Commissioner Brian Montgomery said Tuesday that he believes the Obama administration went too far in some cases and said that the Trump administration is dialing back the use of the False Claims Act to bring more lenders . . .
— Read on www.housingwire.com/articles/46029-fha-commissioner-were-easing-false-claims-act-use-to-bring-big-banks-back-to-fha-lending