ABN AMRO settles with HUD for $41 million Premium Content

Accused of falsifying documents in FHA real estate loans

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ABN AMRO Mortgage Group has struck a $41 million settlement with the U.S. government in a probe involving alleged falsifications in thousands of federally insured loans, the Department of Housing and Urban Development said today.

The mortgage giant, one of the top 10 U.S. real estate lenders by volume in 2004, entered into a more than $41 million settlement with the U.S. government as a result of the probe, HUD said.

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