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Violation Tracker Individual Record

Company: ABN AMRO Mortgage Group
Current Parent Company: ABN AMRO
Parent at the Time of the Penalty Announcement:  subscribe to see this data field
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Penalty: $41,000,000
Year: 2006
Date: January 4, 2006
Offense Group: consumer-protection-related offenses
Primary Offense: mortgage abuses
Mega-Scandal: Mortgage Abuses
Violation Description: The Department of Housing and Urban Development, together with the Justice Department and the Office of the Comptroller of the Currency, announced a more than $41 million settlement against mortgage giant ABN AMRO Mortgage Group for falsifying documents in tens of thousands of loans insured by the Federal Housing Administration.
Level of Government: federal
Action Type: agency action
Agency: Housing and Urban Development Department
Civil or Criminal Case: civil
HQ Country of Current Parent: Netherlands
Ownership Structure of Current Parent: privately held
Major Industry of Current Parent: financial services
Specific Industry of Current Parent: banking
Source of Data: (click here)
Archived Source: (click here)
Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.