On May 16, 2017, the U.S. Department of Justice announced that it had reached a settlement with a company engaged in reverse mortgage servicing, in connection with the company's participation in the Department of Housing and Urban Development's Home Equity Conversion Mortgage program, which offers senior citizens reverse mortgages insured by the Federal Housing Administration . The settlement agreement resolves allegations the company violated the False Claims Act , 31 U.S.C. 3729, and the Financial Institutions Reform, Recovery and Enforcement Act, 12 U.S.C. 1833, by submitting false claims for interest payments to the FHA.
