Prospect Mortgage LLC
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.
Under the terms of the action announced today, Prospect will pay a $3.5 million
civil penalty for its illegal conduct, and the mortgage brokers and servicer
will pay a combined $495,000 in consumer relief, repayment of ill-gotten gains,