PHH Mortgage Corporation: Difference between revisions
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===$45 Million Multi-State Settlement (''2018'')=== | ===$45 Million Multi-State Settlement (''2018'')=== | ||
In a multi-state settlement announced by Attorney General Christopher S. Porrino<ref>{{Cite web |last=Porrino |first=Christopher |date=3 Jan 2018 |title=Attorney General Porrino Announces $45 Million Multi-State Settlement with PHH Mortgage Corporation |url=https://www.nj.gov/oag/newsreleases18/pr20180103b.html |access-date=7 Mar 2025}}</ref> | In a multi-state settlement announced by Attorney General Christopher S. Porrino<ref>{{Cite web |last=Porrino |first=Christopher |date=3 Jan 2018 |title=Attorney General Porrino Announces $45 Million Multi-State Settlement with PHH Mortgage Corporation |url=https://www.nj.gov/oag/newsreleases18/pr20180103b.html |access-date=7 Mar 2025}},</ref> New Jersey reached a $45 million agreement with PHH Mortgage Corporation to resolve allegations of improper mortgage loan servicing. The settlement, which includes more than 45 states and the District of Columbia, addresses claims that PHH Mortgage failed to properly service loans over a four-year period. | ||
Between January 1, 2009, and December 31, 2012, PHH Mortgage Corporation was accused of engaging in improper mortgage servicing practices, including: Alleged improper mortgage servicing practices, including: | Between January 1, 2009, and December 31, 2012, PHH Mortgage Corporation was accused of engaging in improper mortgage servicing practices, including: Alleged improper mortgage servicing practices, including: | ||
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===$6.25 Million Consumer Fraud Act Settlement (''2011'')=== | ===$6.25 Million Consumer Fraud Act Settlement (''2011'')=== | ||
In a settlement announced by Acting Attorney General John J. Hoffman<ref>{{Cite web |last=Hoffman |first=John |date=4 Dec 2013 |title=Acting Attorney General Announces $6.25 Million Settlement Resolving Consumer Fraud Act Allegations Against PHH Mortgage |url=https://nj.gov/oag/newsreleases13/pr20131204a.html |access-date=7 Mar 2025 |website=The State of New Jersey Office of Attorney General}}</ref> | In a settlement announced by Acting Attorney General John J. Hoffman<ref>{{Cite web |last=Hoffman |first=John |date=4 Dec 2013 |title=Acting Attorney General Announces $6.25 Million Settlement Resolving Consumer Fraud Act Allegations Against PHH Mortgage |url=https://nj.gov/oag/newsreleases13/pr20131204a.html |access-date=7 Mar 2025 |website=The State of New Jersey Office of Attorney General}},</ref> New Jersey reached a $6.25 million agreement with PHH Mortgage Corporation to resolve allegations that the company misled financially struggling homeowners seeking loan modifications or assistance to avoid foreclosure. | ||
==References== | ==References== |