but but but "we will appeal this" and "PHH did nothing wrong" and ... the Pope is a Jew! lol
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Jun 4 2015 CFPB Director Cordray Issues Decision in PHH Administrative Enforcement Action -
Director Cordray issued a final order that requires PHH to disgorge $109 million – all the reinsurance premiums it received on or after July 21, 2008. The order also bars PHH from violating the provision of RESPA that forbids kickbacks. In addition, it prohibits PHH from referring any consumer to a provider of a real estate settlement service if that provider has agreed to purchase any service from, or make any payment to, PHH, and if that purchase or payment is triggered by the referral.
Go to: cfpb-director-cordray-issues-decision-in-phh-administrative-enforcement-action to read entire article.