Posted inBusiness

San Diego-Based Guild Mortgage Co. to Pay $25M Over Bad Loans, Defaults

A San Diego-based mortgage lender has agreed to pay nearly $25 million to resolve allegations that it knowingly approved ineligible loans that later defaulted, resulting in mortgage insurance claims to the Federal Housing Administration, the Department of Justice announced Thursday. Guild Mortgage Co., which is headquartered in San Diego and has branches across the country, […]