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Violation Tracker Individual Record

Company: Allied Home Mortgage Capital Corporation
Current Parent Company: Americus Mortgage
Parent at the Time of the Penalty Announcement:  subscribe to see this data field
Penalty: $370,000
Year: 2003
Date: October 2, 2003
Offense Group: consumer-protection-related offenses
Primary Offense: consumer protection violation
Secondary Offense: Real Estate Settlement Procedures Act (RESPA)
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 Current Parent: USA
HQ State of Current Parent: Texas
Ownership Structure of Current Parent: privately held
Major Industry of Current Parent: financial services
Specific Industry of Current Parent: mortgage banking
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.