Search Site
Menu
Eagle Home Mortgage Accused of Approving Unqualified Buyers

Eagle Home Mortgage, a subsidiary of Lennar, is the defendant in a new whistleblower lawsuit that alleges the lender routinely approved unqualified borrowers for mortgages, going so far as to falsify borrowers’ documents to increase the chances of approval. The suit also claims the company hid negative findings on audited loans from regulators.

This latest whistleblower lawsuit came just a month after it settled charges with the U.S. Department of Justice for lack of compliance with the Federal Housing Administration’s lending standards.

The lawsuit was filed in Florida by Wanda Burling, a former Senior Quality Control Manager for the company. She claims the company pressured her to keep quiet after she discovered its illicit lending practices. According to Burling, she was warned by an Eagle vice president not to contact authorities and then was fired soon after for unsubstantiated claims of poor performance. She had previously received strong performance reviews and a bonus for her work, indicating the company was satisfied with the work she was doing.

Burling had also uncovered a number of other violations at Eagle, including document falsification, omission of debts, adding income and cash reserves to inflate borrowers’ worth and other issues.

Steps to take to combat fraud

Fortunately, federal whistleblower protections are stronger than they’ve ever been, meaning the government has your back if you become aware of wrongdoing in your workplace and report the fraud through the proper channels.

If you are interested in exposing fraud or illegal activities within your business or organization, meet with an skilled whistleblower attorney at Kardell Law Group.

Honors
Our Office
  • Dallas Office
    4514 Cole Ave
    #600
    Dallas, Texas 75205
    Phone: 214-306-8045
    Fax: 469-729-9926
Testimonials
  • "Steve Kardell was terrific in representing me in some very adversarial discussions with Citigroup and also later represented me in my testimony before the Financial Crisis Inquiry Commission."  -Richard Bowen, Citigroup Whistleblower

  • "Never thought my career would end like it did after 30 years of service. I was part of the first round of the so called reduction of force. I asked myself how can I be part of this with 30 years of seniority. How did they pick these 90 plus employees? Now, the culture of this organization made you question every decision they made. It wasn’t what you knew it’s was a culture of who you know. Nonetheless, I did not accept their severance package. I immediately starting looking for an attorney who would take on my case. After the initial call to Steve I had hope again. He was open and honest about everything and reassured me he would do his best for me, and he did. I had an awesome outcome. Thanks Steve you’re the best."  -S.S.

  • "Reaching out to Steve Kardell was the best decision I made. His ability to provide immediate insight and direction was very powerful, and a huge relief during a very stressful time period. For anyone struggling with a whistleblower situation, I would highly recommend at least speaking with Steve. After a 10 minute call with him, I had a better understanding of what I was dealing with. Even better, he gave me some immediate hope. In the end Steve did a better job than I thought was possible. Steve was able to get in contact with people in my organization, that I didn’t have access to. Because of his years of experience, he already has contacts in many organizations in Dallas. The entire situation was handled peacefully. I was impressed by his ability to “keep the peace”–rather than creating a battle with the organization. The reason I didn’t reach out to a lawyer initially, was because I thought it would mean an immediate end to any hope of a positive relationship with the company. Steve was able to address my concerns, and in the end I was able to continue to work for them."  -KS

FOLLOW US
Facebook Twitter Linkedin RSS Feed JD Supra