The “Nine Lives” Of Allied Home Mortgage – HUD Goes For Kill Shot :: ML-Explode.com

The “Nine Lives” Of Allied Home Mortgage – HUD Goes For Kill Shot :: ML-Explode.com

 Folk legend says cats have 9 lives. People don’t. Anyone following the storied career of Jim Hodge and Allied / AllQuestHome Mortgage might feel otherwise. We are confident, however, that the game is finally over.
Yesterday, HUD’s Mortgagee Review Board started the process to shut down Hodge once and for all.  A letter from the Board to Hodge outlines 7 different charges including failure to implement a quality control plan, branch office violations, submitting false certifications and violating FHA underwriting requirements. Allied, which is now known as AllQuest Home Mortgage Corporation, has 30 days to respond to the charges.