Violation Tracker Individual Record

Company: 
MortgageIT, Inc.
Penalty: 
$12,100,000
Year: 
2013
Date: 
November 5, 2013
Offense Group: 
consumer-protection-related offenses
Primary Offense: 
discriminatory practices (non-employment)
Violation Description: 

The U.S. Department of Housing and Urban Development announced that MortgageIT, Inc., an indirect subsidiary of Deutsche Bank, agreed to pay $12.1 million to resolve allegations that the residential lender discriminated against African American and Hispanic borrowers seeking mortgage loans.

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.