Search for: "PHH Mortgage Services"
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22 Dec 2016, 12:20 pm
Financial Services Professionals as Fiduciaries The U.S. [read post]
21 Nov 2016, 9:33 am
It also rejected the CFPB’s interpretation of RESPA, which departed from HUD’s prior interpretation, to prohibit captive mortgage re-insurance arrangements such as the one at issue in PHH. [read post]
21 Nov 2016, 4:00 am
The CFPB charged the defendant with violations of the Consumer Financial Protection Act and Regulation O, the Mortgage Assistance Relief Services Rule. [read post]
26 Oct 2016, 11:53 am
Circuit’s decision in PHH Corporation v. [read post]
12 Oct 2016, 12:47 pm
“We hold that Sections 8(a) and 8(c) of the Real Estate Settlement Procedures Act allow captive reinsurance arrangements so long as the mortgage insurance companies pay no more than reasonable market value to the reinsurers for services actually provided,” the court stated. [read post]
12 Oct 2016, 9:41 am
PHH, a mortgage lender, made national headlines when it challenged Director Cordray’s decision to tack on a $103 million increase to a $6 million fine initially levied against PHH for allegedly illegally referring consumers to mortgage insurers in exchange for kickbacks in violation of the Real Estate Settlement Procedures Act. [read post]
11 Oct 2016, 2:33 pm
Circuit had no difficulty rejecting this interpretation, holding that the plain language of Section 8(c) of RESPA permits captive reinsurance arrangements – as well as payments for other services actually performed – where mortgage insurers pay no more than reasonable market value for the service, and “specifically bars the aggressive interpretation of Section 8(a) advanced by the CFPB in this case. [read post]
11 Oct 2016, 2:28 pm
” Second, the court held that plain language of RESPA permits captive mortgage re-insurance arrangements like the one at issue in the PHH case, if the mortgage re-insurers are paid no more than the reasonable value of the services they provide. [read post]
5 Jul 2016, 1:09 pm
As we previously reported, PHH is appealing the penalty imposed on it by the Bureau under Director Richard Cordray’s June 4, 2015 decision for alleged violations of RESPA related to mortgage reinsurance. [read post]
29 Jun 2016, 8:50 am
In that capacity, Cordray held that PHH violated RESPA in connection with a captive mortgage reinsurance arrangement. [read post]
8 Dec 2015, 3:58 am
The Plaintiffs also state that PHH receives a right of first refusal for the purchase of the mortgage servicing rights for PHH Home Loans originated mortgages, which permit PHH Home Loans to sell the servicing rights to PHH “on terms no less favorable” than those that could be obtained from an independent third party and that PHH owns a disproportionate share of the servicing rights for those… [read post]
15 Jun 2015, 9:32 am
The CFPB’s enforcement action against PHH alleged that PHH violated RESPA by accepting illegal kickback payments in return for referring customers to mortgage insurance companies for certain settlement services. [read post]
13 Feb 2014, 8:05 am
Ocwen Penalized The largest non bank mortgage service provider, Ocwen, was penalized for “systemic misconduct at every stage of the mortgage servicing process. [read post]
23 Sep 2012, 9:01 pm
Postal Service in business, and paper lovers, happy. [read post]
8 Aug 2012, 3:00 am
The case of the day is PHH Mortgage Corp. v. [read post]
12 Nov 2011, 2:47 am
”Cindy and Evan had a home until nine months ago, but PHH Mortgage Services took it when she fell behind in her payments. [read post]
3 Jul 2011, 5:53 am
Bank of America $2,135.30 19.9% Wells Fargo $1,811.97 16.9% JPMorgan Chase & Co $1,353.60 12.6% Citigroup Inc $677.81 6.3% GMAC/Ally Financial $349.08 3.2% US Bancorp $189.85 1.8% SunTrust Banks Inc $175.93 1.6% PHH Mortgage $155.97 1.4% OneWest Bank, CA (IndyMac) $155.00 1.4% PNC Financial Services $149.94 1.4% HSBC ? [read post]
3 Jul 2011, 5:53 am
Bank of America $2,135.30 19.9% Wells Fargo $1,811.97 16.9% JPMorgan Chase & Co $1,353.60 12.6% Citigroup Inc $677.81 6.3% GMAC/Ally Financial $349.08 3.2% US Bancorp $189.85 1.8% SunTrust Banks Inc $175.93 1.6% PHH Mortgage $155.97 1.4% OneWest Bank, CA (IndyMac) $155.00 1.4% PNC Financial Services $149.94 1.4% HSBC ? [read post]
25 May 2011, 6:14 am
A mortgage servicing company such as LPP, BAC, PHH, Chase, Wells Fargo, etc. that does not own the loan but is "servicing it" -- collecting payments, handling escrow, etc -- is a debt collector . . . if it received the loan when the loan was in default. [read post]
5 Apr 2011, 9:51 am
The loan was serviced by PHH Mortgage. [read post]
