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Violation Tracker Individual Record

Company: First Mortgage Corporation
Penalty: $12,700,000
Year: 2016
Date: May 31, 2016
Offense Group: financial offenses
Primary Offense: investor protection violation
Violation Description: A California-based mortgage company and six senior executives agreed to pay $12.7 million to settle charges that they orchestrated a scheme to defraud investors in the sale of residential mortgage-backed securities guaranteed by the Government National Mortgage Association.
Level of Government: federal
Action Type: agency action
Agency: Securities and Exchange Commission
Civil or Criminal Case: civil
Source of Data: (click here)
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Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.