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Violation Tracker Individual Record

Company: Prospect Mortgage, LLC
Current Parent Company: Homebridge Financial Services
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Penalty: $3,500,000
Year: 2017
Date: January 31, 2017
Offense Group: consumer-protection-related offenses
Primary Offense: consumer protection violation
Secondary Offense: kickbacks and bribery
Violation Description: The Consumer Financial Protection Bureau took action against Prospect Mortgage, LLC as it accused the company of paying illegal kickbacks for mortgage business referrals.
Level of Government: federal
Action Type: agency action
Agency: Consumer Financial Protection Bureau
Civil or Criminal Case: civil
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)
Archived Source: (click here)
Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.