How Flagstar Bank Shaved $48 Million from Crisis-Era DOJ Settlement

National Mortgage News, Apr. 15, 2021–Kevin Wack (subscription)
The Michigan lender agreed in 2012 to pay $133 million to resolve civil fraud charges tied to government-backed mortgages. But the deal with the Justice Department came with a catch that eventually allowed Flagstar to pay far less.
https://www.nationalmortgagenews.com/news/how-flagstar-bank-shaved-48-million-from-crisis-era-doj-settlement