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Walter Mngmt Settles Reverse Mortgage Scam Suit For $30M

By Alex Wolf (September 4, 2015, 9:27 PM EDT) -- Walter Investment Management Corp. will pay $29.6 million to settle federal allegations that through its subsidiaries, it submitted false reverse mortgage claims to the U.S. Department of Housing and Urban Development to reap referral fees and interest payments it was not entitled to, the Department of Justice announced Friday....

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