Freedom Mortgage reported inaccurate information on race and sex between 2014 and 2017. The firm originated 50,000 mortgages per year during that period.
Source: Inman News
Lender slapped with $1.75M fine for bungling demographic data
Published in CFPB, Consumer Financial Protection Bureau, Freedom Mortgage, Industry News, lending, Mortgage, new jersey, News Brief and Regulations
More from CFPBMore posts in CFPB »
- David Stevens, influential leader in mortgage finance, dies at 66
- Navy Federal faces lawsuits over discriminatory lending allegations
- Stricter rules eyed for controversial PACE energy improvement loans
- Legislation aimed at banning mortgage trigger leads is back
- Federal consumer watchdog flags mortgage servicers’ junk fees
More from Consumer Financial Protection BureauMore posts in Consumer Financial Protection Bureau »
- Project to tackle appraisal bias continues with Nov. 1 hearing
- ACI paying another $20M to settle mortgage payments debacle
- Credit repair companies settle ‘hot swapping’ allegations for $2.7B
- Freedom Mortgage to pay $1.75M to settle agent kickback scheme
- Test triggering $2.3B in mortgage payments leads to $25M fine
More from Freedom MortgageMore posts in Freedom Mortgage »
- First-timers ‘significantly’ less satisfied with mortgage lenders
- Freedom Mortgage to pay $1.75M to settle agent kickback scheme
- Survey: Mortgage refi crush exposed dangers of digital-heavy approach
- Nation’s largest thrift acquires top 20 mortgage lender
- The top 10 independent mortgage brokers gaining market share
More from Industry NewsMore posts in Industry News »
- Will lawsuits end 6% commissions? Probably not, 1 law professor says
- Leo Pareja tapped as eXp Realty’s new CEO, relieving Glenn Sanford
- Ohio multiple listing service MLS Now appoints new CEO
- Compass acquires 3,100-agent Gulf Coast giant Latter & Blum
- Aidium Mortgage CRM lands $19M in Series A led by PeakSpan Capital
More from lendingMore posts in lending »
- Inventory problems to stick around for a ‘very long time’
- WATCH: The right lender can make buyer love letters obsolete
- Majority of buyers lean on agents, not banks, for financing info: Poll
- JPMorgan CEO: Real estate is going to be a big problem for some banks
- Inside Zillow’s far-reaching bid to jolt its mortgage business
More from MortgageMore posts in Mortgage »
- Digital insurance marketplace Matic grows mortgage clientele
- Shape real estate’s future: Take the Inman Intel Index survey for April
- Industry gets some clarity on mortgage commission rules
- Homebuyers rush to lock as mortgage rates hit new 2024 highs
- Instead of cutting rates, what if the Federal Reserve raises them?
More from new jerseyMore posts in new jersey »
- Corcoran Sawyer Smith enters Pennsylvania with new acquisition
- 22 renters vie for each unit in America’s toughest rental market
- Top New Jersey agent Roi Klipper joins Corcoran Infinity Properties
- Compass snags high-performing Rhode Island Sotheby’s team
- DJ Envy partner charged in alleged real estate Ponzi scheme
More from News BriefMore posts in News Brief »
More from RegulationsMore posts in Regulations »
- Proptech investment is way down — but these 4 areas still see demand
- Industry gets some clarity on mortgage commission rules
- UWM CEO Mat Ishbia claims Rocket Mortgage behind attacks
- Nation’s largest mortgage lender shorted by Park Avenue hedge fund
- LoanDepot settles high-profile appraisal bias lawsuit filed in 2022
Be First to Comment