SEATTLE, May 6, 2011 (GLOBE NEWSWIRE) -- Attorney Advertising. Keller Rohrback L.L.P. (www.krclassaction.com) is currently investigating mortgage originators for fraud on the Federal Housing Administration ("FHA") mortgage insurance program. Abusive practices of this type may have allowed lenders to obtain FHA mortgage insurance improperly, thereby making the mortgages marketable in the secondary mortgage market. When borrowers defaulted, the FHA was forced to pay millions of dollars in insurance claims inappropriately.
Federal law encourages and protects whistleblowers. Under the Dodd-Frank Wall Street Reform and Consumer Protection Act, and the Federal False Claims Act, individuals or whistleblowers with information regarding abuses impacting securities regulated by the Securities and Exchange Commission or commodities regulated by the Commodities Futures Trading Commission, or fraud against the federal government, may be entitled to significant rewards. These rewards can range from ten to thirty percent of penalties, restitution, and damages derived from successful enforcement actions brought by the government relating to losses by investors or the government, or from private qui tam law suits brought by whistleblowers.
If you have knowledge regarding any of the above-described mortgage underwriting practices at any FHA-approved lender, you may qualify as a whistleblower under federal law. Please contact paralegal Alicia Novak or attorneys Gretchen Obrist, Laura Gerber, or Lynn Sarko at 800.776.6044 or via email at info@kellerrohrback.com for more information.
Keller Rohrback, with offices in Seattle, Phoenix, Santa Barbara and New York, has obtained judgments and settlements on behalf of clients in excess of seven billion dollars.
Attorney Advertising. Prior Results Do Not Guarantee A Similar Outcome.