Violation Tracker Individual Record

Company: 
ABN AMRO Mortgage Group
Current Parent Company: 
ABN AMRO
Penalty: 
$41,000,000
Year: 
2006
Date: 
January 4, 2006
Primary Offense: 
mortgage abuses
Violation Description: 

The Department of Housing and Urban Development, together with the Justice Department and the Office of the Comptroller of the Currency, announced a more than $41 million settlement against mortgage giant ABN AMRO Mortgage Group for falsifying documents in tens of thousands of loans insured by the Federal Housing Administration.

Level of Government: 
federal
Action Type: 
agency action
Agency: 
Housing and Urban Development Department
Civil or Criminal Case: 
civil
HQ Country of Parent: 
Netherlands
Ownership Structure of Parent: 
privately held
Major Industry of Parent: 
financial services
Specific Industry of Parent: 
banking
Source Notes: 
If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Parent company note: 
Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.