PHH Corp. and several of its affiliates have proposed a $17 million settlement to resolve allegations that the company violated RESPA Section 8(a) by engaging in a kickback scheme for referrals of title insurance and other settlement services to TRG Services Escrow, Inc. and its affiliates.
It had also been alleged that operated PHH Home Loans as an improper affiliated business arrangement (AfBA).
The plaintiffs in the case requested that the U.S. district court preliminarily approve the settlement so members of the proposed class can receive notice about the action. Read on for more details.
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