Violation Tracker Individual Record

Company: 
Allied Home Mortgage Capital Corporation
Current Parent Company: 
Americus Mortgage
Penalty: 
$370,000
Year: 
2003
Date: 
October 2, 2003
Offense Group: 
consumer-protection-related offenses
Primary Offense: 
consumer protection violation
Violation Description: 

The Department of Housing and Urban Development announced a settlement agreement with Allied Home Mortgage Capital Corporation, a large real estate lender. HUD alleged Allied violated the Real Estate Settlement Procedures Act (RESPA) by charging consumers more than the cost of their credit reports, a practice commonly known in the mortgage industry as upcharging.

Level of Government: 
federal
Action Type: 
agency action
Agency: 
Housing and Urban Development Department
Civil or Criminal Case: 
civil
HQ Country of Parent: 
USA
HQ State of Parent: 
Texas
Ownership Structure of Parent: 
privately held
Major Industry of Parent: 
financial services
Specific Industry of Parent: 
mortgage 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.