The Department of Justice and Federal Bureau of Investigation in New York are probing Arbor Realty Trust following seller attacks about the lender’s practices and disclosures, Jill Shah and Ava Benny-Morrison of Bloomberg report, citing people familiar with the matter. The investigators are inquiring about lending practices and the company’s claims about the performance of its loan book, sources told Bloomberg. Shares of Arbor Realty are down 9% to $14.15 following the report.
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