What’s fraud got to do with it?

Federal judge denies TRO against Lend America after government can come up with only a dozen specific instances of fraudulent FHA loan applications.

In a press statement, Ideal Mortgage Bankers said: “Lend America is pleased to announce that today the court denied the Government’s request for an order prohibiting Lend America from originating FHA insured loans.”

Ideal added: “We look forward to continuing our partnership with HUD and our mission of providing affordable financing for those borrowers in need.”

That’s so sweet.

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