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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 CompaniesTotal Penalty $Number of Records
Bank of America$53,414,426,47817
Wells Fargo$8,940,459,79610
JPMorgan Chase$8,663,050,34110
Citigroup$3,134,292,8685
Ocwen Financial$2,522,453,8026
Truist Financial$1,448,000,0005
HSBC$1,334,000,0005
Ally Financial$516,600,0003
U.S. Bancorp$437,156,5013
Goldman Sachs$330,000,0001

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.

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CompanyCurrent Parent sort iconCurrent Parent IndustryPrimary Offense TypeYearAgencyPenalty Amount
Wells FargoWells Fargofinancial servicesbanking violation2013OCC$1,991,141,181
Wells Fargo & CompanyWells Fargofinancial servicesbanking violation2012FED$87,000,000
Wells Fargo Bank, National AssociationWells Fargofinancial servicesFalse Claims Act and related2016DOJ_CIVIL$1,200,000,000
Wells Fargo & CompanyWells Fargofinancial servicesmortgage abuses2012DOJ$5,342,200,000
Wells Fargo Bank, N.A.Wells Fargofinancial servicesbanking violation2016OCC$70,000,000
Wells FargoWells Fargofinancial servicesmortgage abuses2012MULTI-AG(*)Penalty amounts marked by an asterisk are ones announced by more than one agency. Parent penalty totals are adjusted to avoid double-counting. $1,005,233,716
Wells FargoWells Fargofinancial servicesmortgage abuses2010CA-AG$33,868,615
Wells Fargo & Co.Wells Fargofinancial servicesconsumer protection violation2016private lawsuit-federal$25,750,000
Wells Fargo Bank N.A.Wells Fargofinancial servicesconsumer protection violation2014private lawsuit-federal$140,500,000
Wells Fargo N.A.Wells Fargofinancial servicesconsumer protection violation2017private lawsuit-federal$50,000,000
U.S. BankU.S. Bancorpfinancial servicesbanking violation2013OCC$208,156,501
U.S. BankU.S. Bancorpfinancial servicesFalse Claims Act and related2014DOJ_CIVIL$200,000,000
U.S. Bank National AssociationU.S. Bancorpfinancial servicesmortgage abuses2020DOJ_UTP$29,000,000
SunTrust Mortgage, Inc.Truist Financialfinancial servicesconsumer protection violation2014CFPB$550,000,000
SunTrust Banks, Inc.Truist Financialfinancial servicesbanking violation2014FED$160,000,000
SunTrust Mortgage Inc.Truist Financialfinancial servicesmortgage abuses2014DOJ_CIVIL$320,000,000
SunTrust Mortgage Inc.Truist Financialfinancial servicesFalse Claims Act and related2014DOJ_CIVIL$418,000,000
SunTrust Mortgage Inc.Truist Financialfinancial servicesmortgage abuses2014MULTI-AG(*)Penalty amounts marked by an asterisk are ones announced by more than one agency. Parent penalty totals are adjusted to avoid double-counting. $40,000,000
Regions BankRegions Financialfinancial servicesFalse Claims Act and related2016DOJ_CIVIL$52,400,000
PNC Bank N.A.PNC Financial Servicesfinancial servicesbanking violation2013OCC$180,526,382
PNC Bank N.A.PNC Financial Servicesfinancial servicesconsumer protection violation2016private lawsuit-federal$32,300,000
Ocwen Financial Corporation and Ocwen Loan ServicingOcwen Financialfinancial servicesconsumer protection violation2013CFPB$2,125,000,000
PHH Corp.Ocwen Financialfinancial servicesFalse Claims Act and related2017DOJ_CIVIL$74,453,802
Ocwen Financial ServicesOcwen Financialfinancial servicesmortgage abuses2013MULTI-AG(*)Penalty amounts marked by an asterisk are ones announced by more than one agency. Parent penalty totals are adjusted to avoid double-counting. $127,300,000
Ocwen Loan Servicing, LLCOcwen Financialfinancial servicesmortgage abuses2017CA-DFPI$225,000,000
PHH Mortgage CorporationOcwen Financialfinancial servicesmortgage abuses2016NY-DFS$28,000,000
Ocwen Loan Servicing LLCOcwen Financialfinancial servicesconsumer protection violation2015private lawsuit-federal$70,000,000
Flagstar BankNew York Community Bancorpfinancial servicesconsumer protection violation2014CFPB$37,500,000
Flagstar BankNew York Community Bancorpfinancial servicesmortgage abuses2012USAO$132,800,000
Nationstar Mortgage, LLC dba Mr. CooperMr. Cooper Groupfinancial servicesconsumer protection violation2020CFPB$74,500,000
Nationstar Mortgage, LLCMr. Cooper Groupfinancial servicesmortgage abuses2020DOJ_UTP$40,000,000
Nationstar Mortgage dba Mr. CooperMr. Cooper Groupfinancial servicesconsumer protection violation2020MULTI-AG(*)Penalty amounts marked by an asterisk are ones announced by more than one agency. Parent penalty totals are adjusted to avoid double-counting. $86,300,000
Nationstar Mortgage, LLCMr. Cooper Groupfinancial servicesconsumer protection violation2015private lawsuit-federal$76,000,000
Morgan StanleyMorgan Stanleyfinancial servicesmortgage abuses2013FED$227,000,000
Morgan Stanley Mortgage Capital HoldingsMorgan Stanleyfinancial servicestoxic securities abuses2011NV-AG$28,200,000
MetLife BankMetLifefinancial servicesbanking violation2013OCC$78,536,455
MetLife Home Loans LLCMetLifefinancial servicesFalse Claims Act and related2015DOJ_CIVIL$123,500,000
M&T Bank Corp.M&T Bankfinancial servicesFalse Claims Act and related2016DOJ_CIVIL$64,000,000
JPMorgan Chase Bank, National AssociationJPMorgan Chasefinancial servicesbanking violation2016OCC$48,000,000
JPMorgan ChaseJPMorgan Chasefinancial servicesbanking violation2013OCC$1,958,450,341
JPMorgan Chase & Co., and EMC Mortgage CorporationJPMorgan Chasefinancial servicesbanking violation2012FED$275,000,000
JPMorgan Chase Bank N.A.JPMorgan Chasefinancial servicesbankruptcy professional violation2015DOJ_UTP$50,000,000
JPMorgan ChaseJPMorgan Chasefinancial servicesFalse Claims Act and related2014DOJ_CIVIL$614,000,000
JPMorgan Chase & Co.JPMorgan Chasefinancial servicesmortgage abuses2012DOJ$5,333,600,000
Bear Stearns Companies, LLCJPMorgan Chasefinancial servicesmortgage abuses2008FTC$28,000,000
JPMorgan ChaseJPMorgan Chasefinancial servicesmortgage abuses2012MULTI-AG(*)Penalty amounts marked by an asterisk are ones announced by more than one agency. Parent penalty totals are adjusted to avoid double-counting. $1,121,188,661
Chase Home Finance LLCJPMorgan Chasefinancial servicesconsumer protection violation2012private lawsuit-federal$56,000,000
JPMorgan Chase & Co.JPMorgan Chasefinancial servicesconsumer protection violation2014private lawsuit-federal$300,000,000
HSBC Bank USA, National AssociationHSBCfinancial servicesbanking violation2013OCC$249,000,000
HSBC North America Holdings, Inc.HSBCfinancial servicesbanking violation2016FED$131,000,000
HSBC Bank USA NAHSBCfinancial servicesmortgage abuses2016DOJ$470,000,000
Household Finance Corp.HSBCfinancial servicesmortgage abuses2002MULTI-AG$484,000,000
HSBCHSBCfinancial servicesmortgage abuses2016MULTI-AG(*)Penalty amounts marked by an asterisk are ones announced by more than one agency. Parent penalty totals are adjusted to avoid double-counting. $59,500,000
Goldman SachsGoldman Sachsfinancial servicesmortgage abuses2013FED$330,000,000
Freedom Mortgage CorporationFreedom Mortgagefinancial servicesFalse Claims Act and related2016DOJ_CIVIL$113,000,000
First Tennessee Bank N.A.First Horizon Nationalfinancial servicesFalse Claims Act and related2015DOJ_CIVIL$212,500,000
Green Tree Servicing LLCDitech Holding Corporationfinancial servicesconsumer protection violation2015FTC$63,000,000
Walter Investment Management Corp.Ditech Holding Corporationfinancial servicesFalse Claims Act and related2015DOJ_CIVIL$29,630,000
Deloitte & Touche LLPDeloittebusiness servicesFalse Claims Act and related2018DOJ_CIVIL$149,500,000
Franklin American Mortgage CompanyCitizens Financial Groupfinancial servicesmortgage abuses2015DOJ_CIVIL$70,000,000
CitibankCitigroupfinancial servicesbanking violation2013OCC$793,492,868
Citigroup Inc.Citigroupfinancial servicesmortgage abuses2012DOJ$2,202,000,000
CitiFinancial Servicing and CitiMortgage, Inc.Citigroupfinancial servicesconsumer protection violation2017CFPB$28,800,000
CitigroupCitigroupfinancial servicesmortgage abuses2012MULTI-AG(*)Penalty amounts marked by an asterisk are ones announced by more than one agency. Parent penalty totals are adjusted to avoid double-counting. $413,041,577
Citibank N.A.Citigroupfinancial servicesconsumer protection violation2014private lawsuit-federal$110,000,000
Beazer Homes USA Inc.Beazer Homes USAconstruction and engineeringFalse Claims Act and related2009DOJ_CIVIL$53,000,000
Countrywide Home Loans, Inc. and BAC Home Loans Servicing LPBank of Americafinancial servicesconsumer protection violation2010FTC$108,000,000
Bank of AmericaBank of Americafinancial servicesbanking violation2013OCC$2,886,578,478
Bank of America CorporationBank of Americafinancial servicesbanking violation2012FED$175,500,000
Bank of America CorporationBank of Americafinancial servicesmortgage abuses2014DOJ$16,650,000,000
Bank of America CorporationBank of Americafinancial servicesmortgage abuses2012DOJ$10,956,600,000
Bank of AmericaBank of Americafinancial servicestoxic securities abuses2013FHFA$10,350,000,000
Bank of AmericaBank of Americafinancial servicesmortgage abuses2012MULTI-AG(*)Penalty amounts marked by an asterisk are ones announced by more than one agency. Parent penalty totals are adjusted to avoid double-counting. $2,382,415,075
Bank of America CorporationBank of Americafinancial servicesmortgage abuses2014MULTI-AG(*)Penalty amounts marked by an asterisk are ones announced by more than one agency. Parent penalty totals are adjusted to avoid double-counting. $943,000,000
Countrywide Financial CorporationBank of Americafinancial servicesmortgage abuses2010MULTI-AG$3,004,100,000
Countrywide Financial CorporationBank of Americafinancial servicesmortgage abuses2009PA-AG$150,000,000
Countrywide Financial CorporationBank of Americafinancial servicesmortgage abuses2009WI-AG$41,100,000
Countrywide Home LoansBank of Americafinancial servicesmortgage abuses2008MULTI-AG$8,680,000,000
Countrywide Financial Corp.Bank of Americafinancial servicesmortgage abuses2008HI-DCCA$84,548,000
Bank of America N.A.Bank of Americafinancial servicesconsumer protection violation2020private lawsuit-federal$35,000,000
Bank of America N.A.Bank of Americafinancial servicesconsumer protection violation2014private lawsuit-federal$228,000,000
Bank of America N.A.Bank of Americafinancial servicesconsumer protection violation2014private lawsuit-federal$31,000,000
Countrywide Financial CorporationBank of Americafinancial servicesconsumer protection violation2011private lawsuit-federal$34,000,000
Assurant Inc.Assurantfinancial servicesinsurance violation2016MULTI-FIN$80,217,000
Assurant Inc.Assurantfinancial servicesconsumer protection violation2015private lawsuit-federal$70,000,000
Assurant Inc.Assurantfinancial servicesconsumer protection violation2014private lawsuit-federal$140,500,000
Realogy CorporationAnywhere Real Estate Inc.real estatekickbacks and bribery2008HUD$27,000,000
Allied Home MortgageAmericus Mortgagefinancial servicesfraud2017USAO$296,298,325
Ally Financial Inc.Ally Financialfinancial servicesbanking violation2012FED$207,000,000
Ally Financial Inc. (formerly GMAC)Ally Financialfinancial servicesmortgage abuses2012DOJ$309,600,000
Ally FinancialAlly Financialfinancial servicesmortgage abuses2012MULTI-AG(*)Penalty amounts marked by an asterisk are ones announced by more than one agency. Parent penalty totals are adjusted to avoid double-counting. $109,628,425
Academy Mortgage CorporationAcademy Mortgage Corp.financial servicesFalse Claims Act and related2022DOJ_CIVIL$38,500,000
ABN AMRO Mortgage GroupABN AMROfinancial servicesmortgage abuses2006HUD$41,000,000
Danielson Law Group consumer protection violation2015FTC$28,600,000
Paymap Inc. consumer protection violation2015CFPB$38,400,000
Aurora Bank FSB banking violation2013OCC$242,418,293
Lender Processing Services Inc. mortgage abuses2013DOJ_CRIMINAL$35,000,000
Golden First Mortgage Corp. mortgage abuses2014USAO$36,000,000
Fairbanks Capital Holding Corp. mortgage abuses2003FTC$40,000,000
United Shore Financial Services LLC False Claims Act and related2016DOJ_CIVIL$48,000,000
Financial Freedom False Claims Act and related2017DOJ_CIVIL$89,000,000
(*): Penalty amounts marked by an asterisk are ones announced by more than one agency. Parent penalty totals are adjusted to avoid double-counting.