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United Shore agrees to $48 million settlement with Justice Department

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Kirk Pinho - The United Shore Financial Services LLC mortgage banking company has agreed to a $48 million settlement with the U.S. Department of Justice, which said the Troy-based company didn't comply with mortgage underwriting and quality control requirements. The DOJ, which announced the settlement Wednesday, said the Troy-based company issued "hundreds" of "materially deficient" mortgages that, under the federal Director Endorsement Lender program, received Federal Housing Administration mortgage

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