Violation Tracker Individual Record
Company:
Freedom Mortgage Corp.
Current Parent Company:
Freedom Mortgage
Penalty:
$2,000,000
Year:
2016
Date:
September 21, 2016
Offense Group:
financial offenses
Primary Offense:
mortgage abuses
Violation Description:
Freedom Mortgage Corp. agreed to pay a $2 million administrative penalty in settlement of allegations it failed to comply with state and federal regulations governing mortgage lending, mortgage brokering, and mortgage servicing.
Level of Government:
state
Action Type:
agency action
Agency:
Massachusetts Division of Banks
Civil or Criminal Case:
civil
Facility State:
Massachusetts
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.
