PHH Mortgage Corporation has been charging borrowers potentially illegal fees to their customers to pay their mortgage. PHH refers to these fees as “speedpay” fees. The Consumer Financial Protection Bureau has recently issued an advisory opinion stating that such fees violate federal law unless expressly authorized by the mortgage agreement, or are affirmatively permitted by state law. We are currently investigating PHH for this deceptive business practice. Over time these small fees paid by customers can potentially add up to millions of dollars of profit for PHH. Don’t let these companies put profits over people.
If you would like to speak with an attorney about whether you many have a claim for compensation, or are interested in learning more about our investigation, please complete the form below:
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