Violation Tracker Individual Record

Company: 
PHH Corp.
Current Parent Company: 
Ocwen Financial
Penalty: 
$74,453,802
Year: 
2017
Date: 
August 8, 2017
Offense Group: 
government-contracting-related offenses
Primary Offense: 
False Claims Act and related
Secondary Offense: 
mortgage abuses
Violation Description: 

PHH Corp. PHH Mortgage Corp. and PHH Home Loans 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 Federal Housing Administration, guaranteed by the United States Department of Veterans Affairs, and purchased by Fannie Mae and Freddie Mac that did not meet applicable requirements.

Level of Government: 
federal
Action Type: 
agency action
Agency: 
Justice Department Civil Division
Civil or Criminal Case: 
civil
HQ Country of Parent: 
USA
HQ State of Parent: 
Georgia
Ownership Structure of Parent: 
publicly traded
Major Industry of Parent: 
financial services
Specific Industry of Parent: 
financial services
Source Notes: 
If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Parent company note: 
Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.