The New York Department of Financial Services announced Wednesday that it is fining PHH $28 million for what it calls “shoddy mortgage origination and servicing practices.” In announcing the fine, the NYDFS provided a list of the violations that PHH committed, and it reads like a laundry list of some of the same practices that gave the mortgage business a bad name before, during and after the financial crisis.
from Byrd Mix http://www.housingwire.com/articles/38491-phh-fined-28-million-by-nyfds-for-shady-mortgage-servicing via byrd memphis developer
from Tumblr http://red-robin9.tumblr.com/post/152997724637
No comments:
Post a Comment