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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
Ocwen Financial$2,522,453,8026
Truist Financial$1,448,000,0005
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 ParentCurrent Parent IndustryPrimary Offense TypeYearAgencyPenalty Amount sort icon
Morgan Stanley Mortgage Capital HoldingsMorgan Stanleyfinancial servicestoxic securities abuses2011NV-AG$28,200,000
Bear Stearns Companies, LLCJPMorgan Chasefinancial servicesmortgage abuses2008FTC$28,000,000
PHH Mortgage CorporationOcwen Financialfinancial servicesmortgage abuses2016NY-DFS$28,000,000
Realogy CorporationAnywhere Real Estate Inc.real estatekickbacks and bribery2008HUD$27,000,000
Wells Fargo & Co.Wells Fargofinancial servicesconsumer protection violation2016private lawsuit-federal$25,750,000
ACI Worldwide consumer protection violation2023CFPB$25,000,000
(*): Penalty amounts marked by an asterisk are ones announced by more than one agency. Parent penalty totals are adjusted to avoid double-counting.