GFI Mortgage Settlement: Not Your Usual DOJ Case

On August 28th the Department of Justice announced the GFI Mortgage settlement that resulted in a restitution fund, a civil money penalty (CMP) and significant administrative requirements. Facts ·         The case originated as a HUD referral to DOJ, not a referral from a regulator such as the OCC, FDIC, Federal Reserve or CFPB. ·         DOJ […]