Violation Tracker Individual Record
Company:
National City Mortgage Inc.
Current Parent Company:
PNC Financial Services
Penalty:
$4,600,000
Year:
2008
Date:
May 22, 2008
Offense Group:
government-contracting-related offenses
Primary Offense:
False Claims Act and related
Secondary Offense:
mortgage abuses
Violation Description:
National City Mortgage Inc. agreed to pay the United States $4.6 million to settle allegations arising under the False Claims Act concerning 58 federally insured loans for mortgages submitted to the Department of Housing and Urban Development.
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:
Pennsylvania
Ownership Structure of Parent:
publicly traded
Major Industry of Parent:
financial services
Specific Industry of Parent:
banking
Source of Data:
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.
