Violation Tracker Individual Record

Company: 
Prospect Mortgage Company LLC
Current Parent Company: 
Homebridge Financial Services
Penalty: 
$4,157,000
Year: 
2017
Date: 
July 3, 2017
Offense Group: 
financial offenses
Primary Offense: 
mortgage abuses
Violation Description: 

The United States settled civil mortgage fraud claims against Prospect Mortgage Company, LLC stemming from Prospect's participation in the Direct Endorsement Lender Program, which is administered by the Federal Housing Administration and the U.S. Department of Housing and Urban Development.

Level of Government: 
federal
Action Type: 
agency action
Agency: 
U.S. Attorney-Northern District of Georgia
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.