PHH Corporation controversies
Controversies tied to this brand in public sources. A listing is not a finding of fault.
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2015
CFPB disgorgement order
CFPB Director Richard Cordray adopted a broader interpretation of the relevant RESPA provisions and ordered PHH to disgorge $109 million. The order was stayed and later vacated by a D.C. Circuit panel before the litigation produced further en banc rulings.
2014
RESPA referral and reinsurance dispute
An administrative-law judge found that PHH had violated the Real Estate Settlement Procedures Act by referring consumers to mortgage insurers that paid reinsurance premiums to a PHH subsidiary. The judge imposed a $6.5 million fine. The dispute later moved through the CFPB and federal courts.