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Golden Mortgage Sued for $12 Million in FHA Loan Fraud 

Apr 08, 2013By

The Department of Justice has filed suit against Golden First Mortgage Corp. and its owner David Movtady for Federal Housing Administration loan fraud. The suit, filed in Manhattan Federal Court, alleges the mortgage company’s fraudulent loan certifications resulted in more than $12 million in losses on FHA-insured loans. “As alleged, Golden First and David Movtady […]