Allegations of fraudulent reporting in the "Down Payment Grant Program" meet their end as the US District Court dismisses the case, with the government choosing not to intervene.
Mortgage servicer takes legal action following massive borrower impact; CFPB previously fined ACI $25 million for related charges.
Investors claim the mortgage lender overstated its cost efficiency and resilience ahead of its 2021 public launch.
Anthony Garvin's fraudulent HELOC operation causes significant losses; accomplices await sentencing.
Settlement aims to address lending discrimination in historically Black neighborhoods, including sites of the 1921 Tulsa Race Massacre.