Between Jan. 1, 2005, and Dec. 31, 2014, the Lafayette, Louisiana-based bank and its Iberiabank and Iberiabank Mortgage Co units admitted to certifying mortgage loans that did not meet Federal Housing Administration standards and paid incentives to underwriters, which is prohibited, the department said in a statement.
(Reporting by Tim Ahmann; Writing by Eric Walsh; Editing by Cynthia Osterman)Iberiabank to pay U.S. $11.69 million over mortgage guarantee claims
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