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Jury Finds Allied Home Mortgage Entities And CEO Jim C. Hodge Liable For Civil Mortgage Fraud, Awards The United States Over $92 Million In Damages (United States Attorney's Office for the Southern District of New York)

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(Source: United States Attorney's Office for the Southern District of New York) Preet Bharara, the United States Attorney for the Southern District of New York, Kenneth Magidson, the United States Attorney for the Southern District of Texas, Julián Castro, Secretary of the United States Department of Housing and Urban Development ('HUD'), and David A. Montoya, Inspector General of HUD ('HUD-OIG'), announced today that a unanimous jury has found the entities formerly known as ALLIED HOME MORTGAGE CAPITAL CORPORATION ('ALLIED CAPITAL') and ALLIED HOME MORTGAGE CORPORATION ('ALLIED CORPORATION') (collectively, 'ALLIED'), as well as ALLIED's president and chief executive officer JIM C. HODGE...

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