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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: $502,000
Year: 2023
Date: July 11, 2023
Offense Group: consumer-protection-related offenses
Primary Offense: consumer protection violation
Violation Description: Freedom Mortgage Corp., which maintained its headquarters in Mount Laurel, NJ, for more than a decade before moving to Florida in 2022, allegedly bombarded consumers with harassing sales calls about loan refinancing, engaged in bait-and-switch sales tactics to induce them to refinance their loans, and caused them financial harm by repeatedly failing to meet its responsibilities as a loan servicer.
Level of Government: state
Action Type: agency action
Agency: New Jersey Attorney General
Civil or Criminal Case: civil
Facility State: New Jersey
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.