Diamond Residential Mortgage to pay $1.28 million after rogue branch manager defrauds homebuyers

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Diamond Residential Mortgage Company, which is based in Lake Forest, Illinois and has branches in Illinois, Indiana, Michigan, Wisconsin, Missouri, Georgia, Texas, Colorado, California, and Washington, will pay $1.28 million to consumers who were defrauded by Chris Schaller, who ran the company’s Springfield, Illinois branch.