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PHH Mortgage Insurance Settlement

Published · Updated · SettlementList

PHH Corp. settled allegations that it violated the law which prohibits the payment of kickbacks in connection with mortgage settlement services. PHH Corp. denies any wrongdoing and the court made no finding of liability.

A settlement for homeowners whose mortgage loans were originated or acquired by PHH between 2007 and 2009 and who bought private mortgage insurance covered by PHH's captive reinsurance agreements. Eligible people can claim a flat payment per loan.

Who can claim, how much, and by when

How much can you get?

$875 per loan

When is the claim deadline?

Who is eligible?

All persons who obtained residential mortgage loans originated and/or acquired by PHH and/or its affiliates from January 1, 2007, through December 31, 2009, and, in connection therewith, purchased private mortgage insurance and whose loans were included within PHH's captive mortgage reinsurance agreements, including the successors, heirs and/or assigns of such persons.

How do you get paid?

Defendants have agreed to pay $875 per loan to Settlement Class Members who file a valid Claim Form.

What proof do you need?

No documentation of loss is required. You must complete and timely submit a valid Claim Form by mail or online.

Who is administering the settlement?

JND Legal Administration

What is the case number?

1:08-cv-00759-MMB-BAM

Official court notice

PDF, 415 KB · our copy · original

First page of the court-approved notice

Can you still claim?

See the official settlement site

This information is not a substitute for legal advice.

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