CFPB, Freedom Mortgage Settle Mortgage Violation Claims, Move For Judgment

(June 20, 2024, 1:44 PM EDT) -- WEST PALM BEACH, Fla. — The Consumer Financial Protection Bureau (CFPB) and Freedom Mortgage Corp. jointly moved a federal court in Florida to enter a stipulated final judgment in the bureau’s suit alleging that the lender has continued to violate the Home Mortgage Disclosure Act (HMDA) by failing to make the necessary changes to halt its misreporting of data regarding borrowers after reaching a settlement in which the lender agreed to pay a civil penalty of $3.95 million, not to violate the law and to take affirmative action to ensure compliance....