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Violation Tracker Individual Record

Company: Citimortgage Inc.
Current Parent CompanyCitigroup
Parent at the Time of the Penalty Announcement subscribe to see this data field
Penalty: $158,300,000
Year: 2012
Date: February 15, 2012
Offense Group: consumer-protection-related offenses
Primary Offense: mortgage abuses
Secondary Offense: False Claims Act and related
Violation Description: The United States Attorney for the Southern District of New York and the U.S. Department of Housing and Urban Development announced that the United States settled a civil fraud lawsuit against Citimortgage Inc. for what were alleged to be over six years of misconduct in connection with its participation in the Federal Housing Administration Direct Endorsement Lender Program.
Level of Government: federal
Action Type: agency action
Agency: U.S. Attorney-Southern District of New York
Civil or Criminal Case: civil
HQ Country of Current Parent: USA
HQ State of Current Parent: New York
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: financial services
Specific Industry of Current Parent: banking & securities
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.