
PHH Mortgage Corporation and its affiliate, PHH Home Loans LLC, agreed to pay a $28 million fine and engage a third-party auditor as part of a consent order for violations of federal and New York laws designed to protect homeowners. The consent order between the two companies and the Department of Financial Services was reached following a series of examinations that uncovered persistent shortcomings in their mortgage origination and servicing practices, including discrepancies in how mortgage foreclosures were documented and processed. For more info visit https://www.dfs.ny.gov/reports_and_publications/press_releases/pr1611091