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Violation Tracker Individual Record

Company: Prospect Mortgage LLC
Current Parent Company: Homebridge Financial Services
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Penalty: $7,035,300
Year: 2015
Date: November 19, 2015
Offense Group: consumer-protection-related offenses
Primary Offense: mortgage abuses
Violation Description: Prospect Mortgage agreed to pay $7.035 million to 48 states and the District of Columbia to resolve litigation brought by state mortgage regulators concerning disclosure deficiences, loan origination irregularities and other issues.
Level of Government: state
Action Type: agency action
Agency: Multistate Financial Regulators Case
Civil or Criminal Case: civil
HQ Country of Current Parent: USA
HQ State of Current Parent: New Jersey
Ownership Structure of Current Parent: privately held
Major Industry of Current Parent: financial services
Specific Industry of Current Parent: mortgage lending
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.