WASHINGTON, June 30 U.S. Bank will pay $200
million to resolve allegations that it certified home loans for
government insurance even though they did not meet requirements,
the U.S. Justice Department said on Monday.
The bank, which is part of U.S. Bancorp, admitted
that, from 2006 through 2011, it repeatedly certified for
Federal Housing Administration insurance mortgage loans that did
not meet requirements from the U.S. Department of Housing and
Urban Development, the Justice Department said.
(Reporting by Aruna Viswanatha; editing by Doina Chiacu)