Violation Tracker Individual Record
Company:
Prospect Mortgage, LLC
Current Parent Company:
Homebridge Financial Services
Penalty:
$3,500,000
Year:
2017
Date:
January 31, 2017
Offense Group:
consumer-protection-related offenses
Primary Offense:
consumer protection violation
Secondary Offense:
kickbacks and bribery
Violation Description:
The Consumer Financial Protection Bureau took action against Prospect Mortgage, LLC as it accused the company of paying illegal kickbacks for mortgage business referrals.
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 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.