United States v. PHH Mortgage Corp. (D. N.J.)
On February 6, 2019, the United States filed a complaint and entered into a settlement agreement resolving United States v. PHH Mortgage Corp. (D. N.J.). The complaint alleged that PHH, one of the nation’s largest mortgage servicers, engaged in violations of the Servicemembers Civil Relief Act (“SCRA”), 50 U.S.C. § 3953, that raise issues of significant public importance when it foreclosed on homes owned by six servicemembers without the required court orders. The settlement agreement requires PHH to pay $750,000 in damages to the servicemembers ($125,000 per servicemember). The agreement also requires monitoring for SCRA compliance.
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