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USDOJ

PHH Agrees to Pay Over $74 Million to Resolve Alleged False Claims Act Liability...

PHH Corp. PHH Mortgage Corp. and PHH Home Loans (collectively, PHH) have agreed to pay the United States $74,453,802 to resolve allegations that they violated the False Claims Act by knowingly originating and underwriting mortgage loans insured by the U.S. Department of Housing and Urban Development’s (HUD) Federal Housing Administration (FHA), guaranteed by the United States Department of Veterans Affairs (VA), and purchased by the Federal National Mortgage Association (“Fannie Mae”) and the Federal Home Loan Mortgage Corporation (“Freddie Mac”) that did not meet applicable requirements, the Justice Department announced today.

Recent Gov & Nonprofit Real Estate Press Releases

Young, Colleagues Introduce Legislation to Repeal Burdensome Federal Housing Mandates

U.S. Senator Todd Young (R-Ind.) joined a group of Republican colleagues inintroducing legislation to eliminate expensive Biden-era Green New Deal housing mandates. The HOUSE Act would repeal the Department of Housing and Urban Development (HUD) and U.S. Department of Agriculture (USDA) Final Determination on energy efficiency standards for new construction of HUD-and-USDA-financed housing.