The Justice Department recently announced that Walter Investment Management Corp. (WIMC) will pay nearly $30 million to settle allegations that WIMC, and a number of its subsidiaries, violated the False Claims Act in connection with their participation in the Department of Housing and Urban Development’s (HUD’s) Home Equity Conversion Mortgages program, which insures “reverse” mortgage loans.  

FCA | Department of Housing and Urban Development, A. Lee Bentley III, Department of Justice