Violation Tracker Individual Record

Company: 
Freedom Mortgage Corporation
Current Parent Company: 
Freedom Mortgage
Penalty: 
$113,000,000
Year: 
2016
Date: 
April 15, 2016
Primary Offense: 
False Claims Act
Violation Description: 

Freedom Mortgage Corporation agreed to pay $113 million to resolve allegations that it violated the False Claims Act by knowingly originating and underwriting single family mortgage loans insured by the Federal Housing Administration that did not meet applicable requirements.

Level of Government: 
federal
Action Type: 
agency action
Agency: 
Justice Department Civil Division
Civil or Criminal Case: 
civil
HQ Country of Parent: 
USA
HQ State of Parent: 
New Jersey
Ownership Structure of Parent: 
privately held
Major Industry of Parent: 
financial services
Specific Industry of Parent: 
mortgage lending
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.