Andrew Schilling Quoted in Inside Mortgage Finance/Inside The GSEs Article, "FCA Targets Could Blur the Lines with Increased GSE Focus"
February 19, 2016
Andrew Schilling was quoted in Carisa Chappell's Inside Mortgage Finance/Inside GSEs article, "FCA Targets Could Blur the Lines With Increased GSE Focus," on February 19, 2016.
The case is currently in the U.S. Court of Appeals, where the Ninth Circuit will make a decision and Schilling said it’s worth watching for future precedent setting.
“A win for the government may raise more questions, and more grounds for litigation, than it answers,” he explained. Schilling said the government would still need to prove that the government’s money, and not that of Fannie or Freddie, was used to pay the claim.
“It’s tough to see how the government could ever make such a showing, but given the amount of money at stake, count on them to try,” he said.