Thousands in Arizona could get money from $45M settlement over bad foreclosure practices.
More than 2,000 Arizona families are eligible for part of a $45 million settlement with PHH Mortgage Corp. for its handling of mortgage payments and foreclosure aid during the housing crash.
Forty-eight states, including Arizona, reached a settlement with the New Jersey-based mortgage lender and servicer. The settlement was announced Wednesday.
The deal resolves allegations that PHH charged borrowers unauthorized fees, failed to process requests for loan modifications and threatened homeowners with foreclosure while they were in a program to keep their houses, according to the settlement filed in the U.S. District Court for the District of Columbia.
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