
Franklin American Mortgage Company agreed to pay the United States $70 million to resolve allegations that it violated the False Claims by knowingly originating and underwriting mortgage loans insured by the U.S. Department of Housing and Urban Development's Federal Housing Administration that did not meet applicable requirements. For more info visit https://www.justice.gov/opa/pr/franklin-american-mortgage-company-agrees-pay-70-million-resolve-alleged-false-claims-act