Freedom Mortgage to Pay $1.75 Million for Filing Inaccurate HMDA Data

Freedom Mortgage Corp., based in Mount Laurel, New Jersey, agreed to pay $1.75 million to settle accusations that it intentionally reported inaccurate information about the race, sex, and ethnicity of loan applicants, the Consumer Financial Protection Bureau stated Wednesday, with the release of a consent order. The findings cited Freedom with instructing its loan officers [...]