$20 Million Verdict Against PHH

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MORTGAGE EXPERT
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A federal jury in Georgia awarded a U.S. Army sergeant $20 million in his lawsuit against PHH Mortgage Corp. The company is accused of reporting the borrower as delinquent to the credit bureaus even though he had an automatic deduction, made several attempts to rectify the situation directly with the servicer and was promised it would be fixed. Violations of the Real Estate Settlement Procedures Act are alleged.

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