Civil Litigation,
Government
Jan. 5, 2018
California, other states settle with mortgage lender
California joined 48 other states and Washington, D.C. in reaching a $45 million settlement with PHH Mortgage Corp. over allegations the company violated state and federal laws on mortgage servicing and foreclosures between 2009 and 2012.
California joined 48 other states and Washington, D.C. in reaching a $45 million settlement with PHH Mortgage Corp. over allegations the company violated state and federal laws on mortgage servicing and foreclosures between 2009 and 2012.
The settlement requires the New Jersey-based lender to pay $31.4 million in consumer relief, which will be distributed by an administrator to 52,000 borrowers from participating states. At least 3,...
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