Basic Search  |  Summaries  |  Advanced Search

Violation Tracker Individual Record

Company: National City Mortgage Inc.
Current Parent CompanyPNC Financial Services
Parent at the Time of the Penalty Announcement subscribe to see this data field
Recap of Ownership Changes subscribe to see this data field
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 Current Parent: USA
HQ State of Current Parent: Pennsylvania
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: financial services
Specific Industry of Current Parent: banking
Source of Data(click here)
Source Notes: If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.