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Stock impact report

Financial Freedom settles over reverse mortgage lending for $89 mln [Reuters]

Solidion Technology, Inc. (STI) 
Last solidion technology, inc. earnings: 10/17 06:00 am Check Earnings Report
Company Research Source: Reuters
WASHINGTON Mortgage lender Financial Freedom agreed to pay a settlement exceeding $89 million to resolve allegations it broke laws stemming from its role in a federally insured reverse mortgage program, the U.S. Justice Department said on Tuesday. The privately held Austin, Texas-based company is alleged to have tried to obtain insurance payments for interest from the Federal Housing Administration despite failing to properly disclose that mortgagees were ineligible for such payments, the department said in a statement. (Reporting by Eric Walsh; Editing by Eric Beech) Our Standards: The Thomson Reuters Trust Principles Next In Big Story 10 China central bank injects net 170 billion yuan, the most in nearly four months SHANGHAI China's central bank injected a net 170 billion yuan ($24.67 billion) into money market through open market operations on Tuesday to offset liquidity stress caused by corporate tax Show less Read more
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