Developer Colony Ridge to pay $68M in DOJ, Texas settlement
By: Kate Berry | Published: 2026-02-10 20:49:50 | Source: www.nationalmortgagenews.com
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- What’s at stake: Colony Ridge will pay $48 million to improve infrastructure at its developments near Houston, particularly flood control measures. No money is earmarked for harmed borrowers, however, who have a high bar to get relief under a default avoidance plan.
- Key insight: In a surprise move, the DOJ is requiring that the private developer pay $20 million to fund at…
