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Company: Prospect Mortgage Company LLC
Current Parent Company:
Homebridge Financial Services
Parent at the Time of the Penalty Announcement:
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Penalty: $4,157,000
Year: 2017
Date: July 3, 2017
Offense Group: consumer-protection-related offenses
Primary Offense: mortgage abuses
Violation Description: The United States settled civil mortgage fraud claims against Prospect Mortgage Company, LLC stemming from Prospect's participation in the Direct Endorsement Lender Program, which is administered by the Federal Housing Administration and the U.S. Department of Housing and Urban Development.
Level of Government: federal
Action Type: agency action
Agency: U.S. Attorney-Northern District of Georgia
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:
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Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the
Update Log.