US Won't Release Docs On Alleged Mortgage Fraud: Suit

Law360, New York (January 5, 2012, 2:04 PM EST) -- Judicial Watch Inc. slapped the Obama administration with a lawsuit Tuesday to win access to audits that purportedly show that the country's five largest mortgage companies violated the False Claims Act while handling foreclosures on homes bought with government-backed loans.

According to a complaint filed in Washington federal court, the conservative watchdog group submitted Freedom of Information Act requests in May, seeking a set of audits and a term sheet outlining the creation of a federal account funded by the country's 14 largest mortgage firms to...
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