Six lenders, including Atlanta-based Sun Trust Mortgage, have agreed to pay $161 million to settle a massive whistleblower lawsuit that alleged they overcharged military veterans on their home refinancing loans.
The whistleblower lawsuit was filed by two local loan officers on behalf of the taxpayers. Most of the money recovered will be returned to the government.
The I-Team was first to tell you how Atlanta loan officers Victor Bibby and Brian Donnelly filed a federal whistleblower lawsuit against 13 banks and mortgage companies accusing them of taking part in a "brazen scheme to defraud both our nation's veterans and the United States Treasury."
After our initial stories, their whistleblower lawsuit was unsealed and JP Morgan Chase agreed to a $45 million dollar settlement. Now, you can add $161 million to that total.
Sun Trust Mortgage paid $10 million. They had no comment.
Two defendants remain: Wells Fargo and Mortgage Investors Corporation.
Tuesday, June 18 2013 11:38 PM EDT2013-06-19 03:38:42 GMT
The City Council of Chamblee has delayed a controversial land rezoning variance. The Council also issued a preliminary resolution saying that they wanted to fire their own manager.
The City Council of Chamblee has delayed a controversial land rezoning variance. The Council also issued a preliminary resolution saying that they wanted to fire their own manager.
Monday, June 17 2013 8:03 AM EDT2013-06-17 12:03:25 GMT
We all get excited about leaving town and going on vacation, so we tend to tell everyone about it. But, a word of caution before spreading the good news.
We all get excited about leaving town and going on vacation, so we tend to tell everyone about it. But, a word of caution before spreading the good news.
Monday, June 17 2013 7:13 AM EDT2013-06-17 11:13:04 GMT
Pomegranate juice has been sold as a real 'cure-all' over the last couple of years. But in a decision made this month, the FTC has ordered at least one manufacturer to back off on its strong health claims.
Pomegranate juice has been sold as a real 'cure-all' over the last couple of years. But in a decision made this month, the Federal Trade Commission has ordered at least one manufacturer to back off some pretty strong health claims.
Friday, June 14 2013 8:56 AM EDT2013-06-14 12:56:09 GMT
Retailers got the go-ahead to pass along some extra charges to you, but not without some rules attached. You might not have noticed them just yet, but you should be on the lookout.
Retailers got the go-ahead to pass along some extra charges to you, but not without some rules attached. You might not have noticed them just yet, but you should be on the lookout.
