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Violation Tracker Individual Record

Company: Freedom Mortgage Corporation
Current Parent Company: Freedom Mortgage
Parent at the Time of the Penalty Announcement:  subscribe to see this data field
Penalty: $113,000,000
Year: 2016
Date: April 15, 2016
Offense Group: government-contracting-related offenses
Primary Offense: False Claims Act and related
Mega-Scandal: Mortgage Abuses
Violation Description: Freedom Mortgage Corporation agreed to pay $113 million to resolve allegations that it violated the False Claims Act by knowingly originating and underwriting single family mortgage loans insured by the Federal Housing Administration that did not meet applicable requirements.
Level of Government: federal
Action Type: agency action
Agency: Justice Department Civil Division
Civil or Criminal Case: civil
HQ Country of Current Parent: USA
HQ State of Current Parent: New Jersey
Ownership Structure of Current Parent: privately held
Major Industry of Current Parent: financial services
Specific Industry of Current Parent: mortgage lending
Source of Data: (click here)
Source Notes: If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.