It just seems that no one wants to work in a market that is tanking – at least not honestly, anyway. Folks hate having to take a pay cut, and most of them will do anything to keep their current standard of living. The U.S. Department of Housing & Urban Development (HUD) alleged that Fidelity National Financial Inc. (FNF) paid improper kickbacks to subsidiaries for the settlement of real estate services such as home warranties and title insurance.
Responding to their claims, FNF agreed to stop the practice and pay HUD $4.5 million to settle the issue. Smells fishy, doesn’t it?
You can get the details here.