CFPB Sues Freedom Mortgage for Providing False Data and Violating Prior Order

CFPB filed a lawsuit against Freedom Mortgage for providing false mortgage data and violating a 2019 consent order.

Freedom Mortgage allegedly submitted inaccurate data on over 174,000 mortgage applications in 2020, violating HMDA.

The 2019 consent order required Freedom Mortgage to improve compliance after intentionally misreporting applicants' race and ethnicity.

Lawsuit alleges Freedom Mortgage continued providing regulators with error-ridden data despite the consent order.

CFPB seeks to stop Freedom Mortgage's unlawful conduct and impose civil penalties to be deposited into a victim relief fund.