Wednesday, April 23, 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.

Business Real Estate Press Releases

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AssetVal and Restb.ai to Modernize Broker Price Opinions with AI-Powered Visual...

AssetVal, a valuation industry leader known for delivering high-quality Broker Price Opinions (BPOs), is partnering with Restb.ai, a trusted innovator in computer vision AI for the mortgage

Recent Gov & Nonprofit Real Estate Press Releases

Why Everyone’s Crushing on Persimmon This Spring & How to Use...

There’s a new colour on the block this spring, and it’s ripe for the picking. Persimmon, a rich blend of orange, red, and a hint of coral, is bursting onto the interior design scene like a perfectly ripened piece of fruit. It’s vibrant without being garish, warm without being too earthy, and it makes a statement.