As part of the deal, Flagstar admitted that it had submitted false certifications to the Department of Housing and Urban Development, inducing the Federal Housing Administration to accept loans for government insurance that were not eligible and that resulted in losses to HUD when the loans defaulted.

FORBES: David Matlin's Big Bank Disaster Continues: Flagstar Settles Mortgage Fraud Charges

"The notion of pan-Asian community is still a work in progress, " said Dennis Hayashi, director of the state Department of Fair Employment and Housing, who previously served in the Clinton administration.

CNN

The Administration must also permanently end contractual dealings between federal agencies like the Department of Housing and Urban Development that serve both to enrich and legitimate the organization.

CENTERFORSECURITYPOLICY: Farrakhan's behavior is beyond 'shameful'