PHH Mortgage Corporation: Difference between revisions
Bythmusters (talk | contribs) m Copied info from infobox to cargo |
Beeldscherm (talk | contribs) m Modified a weirdly structured sentence |
||
| Line 8: | Line 8: | ||
|Website=https://www.phhmortgage.com/ | |Website=https://www.phhmortgage.com/ | ||
}} | }} | ||
PHH Mortgage Corporation is a subsidiary of Onity Group, Inc., a privately held mortgage servicer and lender based in Florida. As of June 10, 2024, Onity Mortgage has been established as a DBA (Doing Business As) of PHH Mortgage.<ref>https://business.phhmortgage.com/BusinessPHH/media/BusinessPHH/Pdf/PHH_Onity-FAQs.pdf</ref> | '''PHH Mortgage Corporation''' is a subsidiary of Onity Group, Inc., a privately held mortgage servicer and lender based in Florida. As of June 10, 2024, Onity Mortgage has been established as a DBA (Doing Business As) of PHH Mortgage.<ref>https://business.phhmortgage.com/BusinessPHH/media/BusinessPHH/Pdf/PHH_Onity-FAQs.pdf</ref> | ||
[[File:OnityGroupCompanyTree PHHMortgageCorporation V1.png|alt=Tree describing company relationships under the Onity Group, highlighting PHH Mortgage Corporation in light blue|thumb|549x549px|PHH Mortgage Corporation structure according to SEC filings.<ref>{{Cite web |date=27 Nov 2024 |title=ONITY GROUP INC. 8-K |url=https://www.sec.gov/Archives/edgar/data/873860/000149315224048499/ex10-2.htm |access-date=7 Mar 2024 |website=Securities and Exchange Commission}}</ref>]] | [[File:OnityGroupCompanyTree PHHMortgageCorporation V1.png|alt=Tree describing company relationships under the Onity Group, highlighting PHH Mortgage Corporation in light blue|thumb|549x549px|PHH Mortgage Corporation structure according to SEC filings.<ref>{{Cite web |date=27 Nov 2024 |title=ONITY GROUP INC. 8-K |url=https://www.sec.gov/Archives/edgar/data/873860/000149315224048499/ex10-2.htm |access-date=7 Mar 2024 |website=Securities and Exchange Commission}}</ref>]] | ||
| Line 25: | Line 25: | ||
In a multi-state settlement announced by Attorney General Christopher S. Porrino,<ref name=":0">{{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. | In a multi-state settlement announced by Attorney General Christopher S. Porrino,<ref name=":0">{{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 | Between January 1, 2009, and December 31, 2012, PHH Mortgage Corporation was accused of engaging in improper mortgage servicing practices. The alleged improper mortgage servicing practices include: | ||
*Misapplying borrower payments and maintaining inaccurate account statements. | *Misapplying borrower payments and maintaining inaccurate account statements. | ||