We reviewed alleged violations of U.S. Department of Housing and Urban Development (HUD) Federal Housing Administration (FHA) loan origination requirements by the subject. We concluded that the subject placed fraudulent information and documents in mortgage loan applications for Government-insured home loans. The Department of Justice filed a complaint under the Financial Institutions Reform, Recovery, and Enforcement Act; and in March 2012 reached a settlement with the subject. The subject admitted to participating in the fraud and agreed to complete 40 hours of specified community service to resolve the matter. However, if the subject fails to complete this commitment, the Department of Justice will file a large monetary judgment against the subject. The subject also agreed to no participation in the real estate industry for five years. The OIG has determined that the content of this memorandum is not appropriate for public disclosure and has therefore limited its distribution to selected officials.
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