Friday, October 10, 2025

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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

State Insurance Regulators Meet with FEMA Review Council at White House

With authorization for the National Flood Insurance Program (NFIP) expiring later that same day, members of the National Association of Insurance Commissioners (NAIC) met with members of the Federal Emergency Management Agency (FEMA) Review Council at the White House. During the meeting, NAIC members reiterated several longstanding priorities for state insurance regulators.