Violation Tracker Individual Record

Company: 
Equitable Trust Mortgage Corporation
Penalty: 
$277,500
Year: 
2009
Date: 
December 11, 2009
Offense Group: 
miscellaneous offenses
Primary Offense: 
housing program violation
Violation Description: 

The Federal Housing Administration announced a settlement agreement with Equitable Trust Mortgage Corporation of Baltimore, Maryland, thereby terminating the suspension imposed on December 7, 2009. FHA suspended ETM's HUD/FHA approval because ETM allegedly charged 37 borrowers for broker and loan origination fees in excess of what the U.S. Department of Housing and Urban Development allowed.

Level of Government: 
federal
Action Type: 
agency action
Agency: 
Housing and Urban Development Department
Civil or Criminal Case: 
civil
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.