The Consumer financial protection bureau (cfpb) took action against Prospect Mortgage, LLC, a major mortgage lender, for paying illegal kickbacks for mortgage business referrals. The CFPB also took action against two real estate brokers and a mortgage servicer that took illegal kickbacks from Prospect.
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Bank holding company with subsidiaries which perform commercial banking operations, international banking services, mortgage banking, insurance services, and credit.
Prospect Mortgage will pay more than $4 million to settle allegations. Home prospect mortgage fined $4.16 million. the United States "suffered substantial losses when the loans.
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