Home / Tag Archives: Allied Home Mortgage

Tag Archives: Allied Home Mortgage

Judge Allows Allied to Resume Issuing FHA-Insured Loans

A federal judge has reversed HUD's decision to temporarily suspend Allied Home Mortgage Corporation after the agency accused the bank of committing fraud and violating several Federal Housing Administration (FHA) requirements. The judge said the damage to Allied's business as a result of the suspension outweighs any harm that would be suffered by the government before the issues can be litigated. Allied and its CEO deny the allegations against them.

Read More »

HUD and Ginnie Mae Suspend Allied Home Mortgage

As of Tuesday, HUD's Mortgage Review Board is suspending Houston-based Allied Home Mortgage Corporation from originating or underwriting new mortgages insured by the Federal Housing Administration (FHA), and Ginnie Mae is suspending the lender from issuing bonds through its mortgage-backed securities program. HUD also suspended James C. Hodge, Allied's president and CEO and may debar Hodge and Jeanne L. Stell, EVP of Allied Home Mortgage.

Read More »

Your Daily Dose of DS News

Get the news you need, when you need it. Subscribe to the Daily Dose of DS News to receive each day’s most important default servicing news and market information, absolutely free of charge.