SecurityNational Mortgage announces settlement with DOJ, HUD
Like many other high volume FHA-approved lenders, SecurityNational Mortgage Company said it was reviewed by the Department of Justice and HUD for loan origination activities that occurred as long as nine years ago. Without any admission of liability and in order to avoid the extended distractions and expenses associated with protracted litigation, SecurityNational made a business decision to resolve this matter. The settlement in no way affects SecurityNational's ability to originate FHA insured loans. The company says, "The company continues to focus on our most important mission--that of providing homeownership opportunities to our current and future customers."