Violation Tracker Individual Record

Company: 
Walter Investment Management Corp.
Current Parent Company: 
Ditech Holding Corporation
Penalty: 
$29,630,000
Year: 
2015
Date: 
September 4, 2015
Primary Offense: 
False Claims Act
Violation Description: 

Walter Investment Management Corp. agreed to pay $29.63 million to resolve allegations that through its subsidiaries -- Reverse Mortgage Solution Inc., REO Management Solutions LLC and RMS Asset Management Solutions LLC -- it violated the False Claims Act in connection with participation in the Department of Housing and Urban Development's Home Equity Conversion Mortgages program, which insures reverse mortgage loans.

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: 
home loans
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.