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 created and altered documents used 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 December 2011 reached a settlement with the subject. The subject admitted to participating in the fraud and agreed to complete 320 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 the next 10 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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