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Company: PHH Mortgage Corp.
Current Parent Company:
Ocwen Financial
Parent at the Time of the Penalty Announcement:
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Recap of Ownership Changes:
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Penalty: $119,000
Year: 2017
Date: December 14, 2017
Offense Group: miscellaneous offenses
Primary Offense: zoning violation
Violation Description: The Department of Financial Services fined PHH Mortgage Corp. $119,000 for failing to maintain a vacant an abandoned property under DFS's Vacant and Abandoned Property Law, which requires banks and mortgage servicers to fulfill certain maintenance obligations at so-called zombie properties.
Level of Government: state
Action Type: agency action
Agency: New York Department of Financial Services
Civil or Criminal Case: civil
Facility State: New York
Facility City: New Lebanon
HQ Country of Current Parent: USA
HQ State of Current Parent: Georgia
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: financial services
Specific Industry of Current Parent: financial services
Source of Data:
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Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the
Update Log.