PHH Settles Suit for $45M

New Jersey-based PHH Mortgage Corp. has reached a $45 million settlement with 49 attorneys general and 45 state mortgage regulators. More than 660 Massachusetts residents are eligible for a payment totaling approximately $340,000.

Court Finds In Favor Of PHH In CFPB Case

The U.S. Court of Appeals for the District of Columbia handed PHH mortgage an early Christmas present in their strongly-worded, 110-page decision vacating a $103 million fine and finding the structure of the Consumer Financial Protection Bureau unconstitutional.

David Beats Goliath: Mortgage Lender Takes Down CFPB

Mortgage lender PHH landed a knock-down blow against the CFPB yesterday when three justices from the U.S. Court of Appeals for the D.C. circuit – in a 110-page decision – unanimously declared the bureau’s leadership structure unconstitutional and vacated a $103 million fine against the lender.