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PHH Agrees to Pay over $74 Million to Resolve Alleged False Form

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PHH Agrees to Pay over $74 Million to Resolve Alleged False Form

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a charlotte-based has fined $12 million for reporting false mortgage data that's ing to the Consumer Financial Protection Bureau they say the bank's loan officers failed to ask mortgage applicants certain demographic questions Federal Law requires and then it falsely reported these applicants chose not to respond to those questions the $12 million fine will go to the bureau's victim's Relief Fund

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