Violation Tracker Individual Record

Company: 
Freedom Mortgage Corporation
Current Parent Company: 
Freedom Mortgage
Penalty: 
$1,750,000
Year: 
2019
Date: 
June 5, 2019
Primary Offense: 
mortgage abuses
Violation Description: 

Freedom Mortgage agreed to pay $1.75 million to settle allegations that it violated the Home Mortgage Disclosure Act by submitting mortgage loan data for 2014 to 2017 that contained inaccurate race, ethnicity, and sex information and that much of the recording of this incorrect information was intentional.

Level of Government: 
federal
Action Type: 
agency action
Agency: 
Consumer Financial Protection Bureau
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.