Downey Receiver Accuses Amerifund Of $1.2M Fraud
The Federal Deposit Insurance Corporation's lawsuit, lodged in the Central District of California, claims the Spring Valley, Calif., mortgage company and its principal shareholder, mortgage broker Eric Matthew Anderson, submitted mortgage papers to Downey Financial that "recklessly altered and/or inflated the borrowers' stated incomes."
"Amerifund was conceived,...
Already a subscriber? Click here to login