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Violation Tracker Individual Record

Company: 1-800-East-West Mortgage Company
Penalty: $150,000
Year: 2005
Date: November 17, 2005
Offense Group: financial offenses
Primary Offense: banking violation
Secondary Offense: Real Estate Settlement Procedures Act (RESPA)
Violation Description: The Department of Housing and Urban Development and the Federal Deposit Insurance Corporation announced a $150,000 settlement with one of the largest mortgage companies in New England for violations of the Real Estate Settlement Procedures Act. HUD and FDIC found that 1-800-East-West Mortgage Company solicited and received tickets from certain settlement service providers to Boston Red Sox and New England Patriots events as well as music concerts and restaurant gift certificates in exchange for the referral of business.
Level of Government: federal
Action Type: agency action
Agency: Federal Deposit Insurance Corporation
Civil or Criminal Case: civil
Source of Data: (click here)
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Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.