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PHH Settles NJ Consumer Fraud Probe For $6.2M

By Martin Bricketto (December 4, 2013, 3:53 PM EST) -- PHH Mortgage Corp. will pay $6.25 million to more than 2,000 borrowers and the state of New Jersey to settle allegations that the residential mortgage servicer misled homeowners seeking assistance to keep up with their mortgage payments or avoid foreclosure, Attorney General John J. Hoffman announced Wednesday....

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