Federal Housing

Mortgage lender PHH agrees to pay $74 million settlement

MINNEAPOLIS/August 8, 2017 (AP)(StlRealEstate.News) — Federal prosecutors in Minnesota say PHH Corp. and two subsidiaries have agreed to pay over $74 million to settle allegations they violated standards for underwriting government-backed mortgages. Acting U.S. Attorney for Minnesota Gregory Brooker said in a statement Tuesday that Mount Laurel, New Jersey-based PHH submitted defective loans for government insurance, and … Continue reading Mortgage lender PHH agrees to pay $74 million settlement