New York AG Slams DB, Mortgage Unit on FHA Quality Control

The percentage of early defaults on FHA-insured loans originated by MortgageIT “skyrocketed” after it was acquired by Deutsche Bank in 2007, according to an amended complaint filed by New York U.S. Attorney Preet Bharara.

Article source: http://www.nationalmortgagenews.com/dailybriefing/2010_420/new-york-ag-slams-db-fha-quality-control-1026345-1.html

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