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Violation Tracker Individual Record

Company: Freedom Mortgage Corp.
Current Parent Company: Freedom Mortgage
Parent at the Time of the Penalty Announcement:  subscribe to see this data field
Penalty: $2,000,000
Year: 2016
Date: September 21, 2016
Offense Group: consumer-protection-related 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 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.