PHH Resolves Military Foreclosure Charges

first_img February 7, 2019 1,694 Views The Best Markets For Residential Property Investors 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago The U.S. Department of Justice, on Wednesday, announced that PHH Mortgage Corporation (PHH) has agreed to pay $750,000 to six servicemembers to resolve allegations that it violated the Servicemembers Civil Relief Act (SCRA) by unlawfully foreclosing on their homes without obtaining the required court orders.“Our men and women in uniform deserve to be able to focus on their job of keeping our country safe without worrying about losing their homes to an unlawful foreclosure,” said Assistant Attorney General Eric Dreiband. “The Civil Rights Division is committed to protecting the rights of our servicemembers from unlawful conduct.” Based on the department’s investigation, PHH was accused of having obtained the foreclosures between Jan. 1, 2010 and April 4, 2012. PHH had foreclosed on six homes of SCRA-protected servicemembers without having obtained the required court orders. The Justice Department stated that this violated the SCRA act which “prohibits lenders from seizing or foreclosing on the property of military personnel who are on active duty or recently completed it.”The investigation was launched after having received a complaint in May 2016 through the Department’s Servicemembers and Veterans Initiative. The issue was handled jointly by the Department’s Civil Rights Division and the U.S. Attorney’s Office for the District of New Jersey. The agreement suit filed requires PHH to pay $125,000 to each servicemember whose home was unlawfully foreclosed upon. It also required PHH to provide training to its staff to ensure that servicemembers do not face unlawful foreclosures in the future. New Jersey-based PHH is one of the United States’ largest mortgage loan servicers, operating nationwide. The company also originates, sells and subservices residential mortgage loans.  “This Office remains resolute in its commitment to honor their personal sacrifices when they do so by ensuring that servicemembers’ rights will be protected, as the law requires, whenever duty calls. This agreement ensures that servicemembers will be compensated for the damages they suffered when their homes were improperly foreclosed upon while they were serving our country,” said U.S. Attorney Craig Carpenito.   Data Provider Black Knight to Acquire Top of Mind 2 days ago PHH Resolves Military Foreclosure Charges Servicers Navigate the Post-Pandemic World 2 days ago  Print This Post Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Previous: The Strategic Intent Behind the BB&T – SunTrust Merger Next: Trends and Technology Shaping the Housing Market The Best Markets For Residential Property Investors 2 days ago Tagged with: Craig Carpenito Eric Dreiband Foreclosure PHH Servicemembers Civil Relief Act US Department of Justice Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Related Articlescenter_img Craig Carpenito Eric Dreiband Foreclosure PHH Servicemembers Civil Relief Act US Department of Justice 2019-02-07 Donna Joseph in Daily Dose, Featured, Foreclosure, Government, News, Servicing Donna Joseph is a Dallas-based writer who covers technology, HR best practices, and a mix of lifestyle topics. She is a seasoned PR professional with an extensive background in content creation and corporate communications. Joseph holds a B.A. in Sociology and M.A. in Mass Communication, both from the University of Bangalore, India. She is currently working on two books, both dealing with women-centric issues prevalent in oppressive as well as progressive societies. She can be reached at [email protected] Demand Propels Home Prices Upward 2 days ago Home / Daily Dose / PHH Resolves Military Foreclosure Charges Demand Propels Home Prices Upward 2 days ago Share Save Servicers Navigate the Post-Pandemic World 2 days ago About Author: Donna Joseph Data Provider Black Knight to Acquire Top of Mind 2 days ago Sign up for DS News Daily Subscribelast_img