False Claims Act Claims Another One: IBERIABANK Fined $11.7 Million for FHA Lending Violations
HousingWire, Dec. 8, 2017–Ben Lane
On Friday, the DOJ announced that IBERIABANK Corporation, IBERIABANK and IBERIABANK Mortgage, agreed to pay a fine of $11,692,149 to resolve allegations that the companies violated the False Claims Act by falsely certifying that loans originated by the companies were eligible for FHA mortgage insurance.
