Legislation360 (November 13, 2019, 6:40 PM EST) — The Fifth Circuit declined to revisit a $298 million judgment arising from federal mortgage insurance coverage fraud in the course of the mortgage disaster, after two mortgage mortgage corporations claimed the unique appeals panel twisted a causation commonplace.
Tuesday’s order denied a petition for rehearing en banc filed by Allied Dwelling Mortgage Capital Corp., Allied Dwelling Mortgage Corp. and govt Jim Hodge after a federal jury beforehand discovered the businesses made Federal Housing Administration insurance coverage claims on almost 1,200 loans that prosecutors mentioned had been by no means eligible for such insurance coverage. The brief, per curiam order mentioned no choose or member of the panel requested that the…
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