The New York Department of Financial Services announced Wednesday that it is fining PHH $28 million for what it calls “shoddy #mortgage origination and servicing practices.” In announcing the fine, the NYDFS provided a list of the violations that PHH committed, and it reads like a laundry list of some of the same practices that gave the #mortgage business a bad name before, during and after the financial crisis. http://www.housingwire.com/articles/38491-phh-fined-28-million-by-nyfds-for-shady-mortgage-servicing ❤️ #share #mortgage
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