A former employee of PHH Corp. will receive millions of dollars for her role in exposing allegedly bad lending practices that has resulted in a big settlement.
The Mount Laurel, New Jersey-based company disclosed Tuesday that it has reached a total of approximately $75 million in settlements with the Department of Justice.
According to the statement, the agreements resolve claims related to single-family loans insured or guaranteed by the government or acquired by the government-sponsored enterprises.
…read more
From:: Financing