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Violation Tracker Summary for Mega-Scandal
Mega-Scandal: Mortgage Abuses
Description: This list shows cases in which companies paid penalties of $25 million or more in cases related to improper origination of home mortgages that were packaged into securities whose collapse precipitated the 2008-2009 financial crisis.
Penalty Total since 2000: $84,104,995,766
Number of Penalty Records: 106
Note: The totals here are adjusted to account for the fact that each current parent's entries may include both agency records and settlement announcements for the same case; or else a penalty covering multiple locations may be listed in the individual records for each of the facilities. They are also adjusted to reflect cases in which federal and state or local agencies cooperated and issued separate announcements of the outcome. Duplicate or overlapping penalty amounts are marked with an asterisk in the individual records list below.
| Top 10 Current Parent Companies | Total Penalty $ | Number of Records |
| Bank of America | $53,414,426,478 | 17 |
| Wells Fargo | $8,940,459,796 | 10 |
| JPMorgan Chase | $8,663,050,341 | 10 |
| Citigroup | $3,134,292,868 | 5 |
| Ocwen Financial | $2,522,453,802 | 6 |
| Truist Financial | $1,448,000,000 | 5 |
| HSBC | $1,334,000,000 | 5 |
| Ally Financial | $516,600,000 | 3 |
| U.S. Bancorp | $437,156,501 | 3 |
| Goldman Sachs | $330,000,000 | 1 |
Individual Penalty Records:
Click on the company or penalty amount for more information on each case. Click on the current parent name to reach the summary page for that parent company.
| Company | Current Parent | Current Parent Industry  | Primary Offense Type | Year | Agency | Penalty Amount |
| Financial Freedom | | | False Claims Act and related | 2017 | DOJ_CIVIL | $89,000,000 |
| First Alliance Mortgage Company | | | mortgage abuses | 2002 | MULTI-AG | $60,000,000 |
| Guardian Group LLC | | | consumer protection violation | 2011 | AZ-AG | $28,929,525 |
| Lender Processing Services, Inc. | | | mortgage abuses | 2013 | MULTI-AG | $120,000,000 |
| ACI Worldwide | | | consumer protection violation | 2023 | CFPB | $25,000,000 |
| Homeward Residential Inc. and Ocwen Loan Servicing LLC | | | False Claims Act and related | 2016 | private lawsuit-federal | $30,000,000 |
