COLUMBUS, Ohio (Legal Newsline) — Ohio Attorney General Mike DeWine announced Jan. 3 that his office has joined 48 other states and the District of Columbia to secure $45 million in settlement funds from PHH Mortgage Corporation.
According to allegations, PHH—a mortgage lender and servicer with headquarters in New Jersey—improperly serviced mortgage loans between 2009 and 2012. Ohio consumers should expect roughly $1.2 million of the settlement funds.
“Mortgage servicing abuses harmed thousands of Ohioans and put numerous families into foreclosure,” DeWine said. “This settlement continues our work to help affected borrowers receive compensation and prevent further abusive conduct through new servicing standards.”
Joining Ohio in the settlement are attorneys general of Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Jersey, New Mexico, New York, North Carolina, North Dakota, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming, and the District of Columbia.
The proposed consent judgment settling the case was filed in the U.S. District Court for the District of Columbia.