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NJ mortgage company to pay $45 million in multi-state settlement

A mortgage company that improperly serviced loans for four years will pay New Jersey borrowers nearly three-quarters of a million dollars, under a settlement announced by Attorney General Christopher Porrino. PHH Mortgage Corporation has entered a $45 million settlement with 45 states and the District of Columbia. Borrowers who were subjected to PHH foreclosures during the eligible period will qualify for at least $840, and those who faced foreclosures that PHH initiated during the eligible
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