PHH to Pay $750K in Settling SCRA Violations

Feb 07, 2019

PHH Mortgage Corp. has agreed to a $750,000 settlement with the U.S. Department of Justice related to charges of violating the Servicemembers Civil Relief Act (SCRA) by unlawfully foreclosing on the homes of six servicemembers.

The SCRA prohibits foreclosing on the home of a servicemember during active military service and one year thereafter without a court order if the mortgage originated prior to the servicemember’s period of military service. PHH was accused of foreclosing on six homes of SCRA-protected servicemembers between 2010 and 2012. As part of the settlement, PHH will pay $125,000 to each servicemember whose home was unlawfully foreclosed upon, and the company will provide training to its staff related to SCRA.

“The brave men and women who serve in our nation’s armed forces frequently are required to deploy and serve overseas with little notice,” U.S. Attorney Craig Carpenito said. “This Office remains resolute in its commitment to honor their personal sacrifices when they do so by ensuring that servicemembers’ rights will be protected, as the law requires, whenever duty calls. This agreement ensures that servicemembers will be compensated for the damages they suffered when their homes were improperly foreclosed upon while they were serving our country.”

About the author

Phil Hall

Link copied

Published

Feb 07, 2019

C-Suite Strategies

First Federal Sells TPO Division To Mortgage Forward

Deal includes QRL Financial as First Federal sharpens focus on retail mortgage lending

First Federal Bank has agreed to sell its third-party origination (TPO) division, including QRL Financial, to Mortgage Forward.The companies announced they have signed a definitive agreement for Mortgage Forward, a credit union service organization (CUSO) within the Great La...

Tech

Friday Harbor Integrates AI Pre-Underwriting Platform With MeridianLink Mortgage

Integration brings AI-powered pre-underwriting platform into MeridianLink's loan origination system

Friday Harbor has integrated its AI-powered pre-underwriting platform with MeridianLink Mortgage, allowing lenders to access the technology within MeridianLink's loan origination system.The integration synchronizes loan data between the two platforms and is intended to help ...

Jun

Midwest Mortgage Matchmaker

Brooklyn Park, MN

More from

Regulation and Compliance

UAD 3.6 Deadline Nears; First American Earns Verification

First American's ACI Sky Workbench gains verification ahead of the Nov. 2 implementation date for the GSEs' updated appraisal reporting requirements

Regulation and Compliance

Jun 08, 2026

MISMO Introduces New Loan Boarding Standard

Wrapper Files support standardized data transfers between origination and servicing systems, with potential savings of $60 to $160 per loan

Regulation and Compliance

May 29, 2026

The GLBA Compliance Gap Your AI Deployment Just Opened

Old statutes, new models, and the vendor contract you signed before machine learning became operational

Regulation and Compliance

May 26, 2026

FHA Keeps Tri-Merge Credit Reports While Expanding Approved Scoring Models

HUD says FHA lenders will continue using three-bureau credit reports even as the agency adopts newer scoring models aimed at increasing competition and modernizing mortgage underwriting

Regulation and Compliance

May 26, 2026

House Passes Amended 21st Century Road To Housing Act

The House version softens a controversial provision aimed at large institutional investors

Regulation and Compliance

May 21, 2026

New York Cash-Home Tax Proposal Could Push Wealthy Buyers Back Into Mortgages

As all-cash deals surge nationwide, a proposed 1% levy on $1M+ purchases in NY may reshape jumbo lending, borrower strategy, and origination opportunities

Regulation and Compliance

May 19, 2026

Popular