Brief: Security Mortgage executes settlement agreement with DOJ, U.S. attorney's office

Security National Financial

04/10/2016 16:40

Oct 4 (Reuters) - Security National Financial Corp  SNFCA.O  
    * On september 30, co through its unit executed settlement 
agreement with U.S. DOJ and United States attorney's office 
    * Settlement in no way affects Security Mortgage's ability 
to originate FHA-insured mortgage loans in future - SEC filing 
    * Settlement in connection with origination and underwriting 
by Security Mortgage of certain FHA insured loans 
    * Co is required to pay $4.3 million to U.S. Department of 
Justice within 10 days from effective date 
    * Security Mortgage continues to be able to participate 
fully in all Federal Housing Administration (FHA) programs 
 
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