trending Market Intelligence /marketintelligence/en/news-insights/trending/bc5iPhoRe5XRwG-0mgR2vA2 content esgSubNav
In This List

PHH, DOJ reach $75M settlement

Blog

Banking Essentials Newsletter: 22nd March Edition

Blog

Bank failures: The importance of liquidity and funding data

Blog

Staying Strong in Volatile Markets: How Banks Can Overcome Challenges to Funding and Lending

Blog

Silicon Valley Bank Uncovering Regional Bank Stress with Equity Driven Credit Models


PHH, DOJ reach $75M settlement

PHH Corp. has agreed to pay roughly $75 million to the U.S. Department of Justice to resolve issues concerning legacy mortgage origination and underwriting activities. The company did not admit liability.

The settlement agreements cover certain mortgage loans insured by the Federal Housing Administration between Jan. 1, 2006, and Dec. 31, 2011, some mortgage loans insured by the U.S. Department of Veteran Affairs and some mortgage loans sold to Fannie Mae and Freddie Mac.