Brokerage conglomerate Realogy and mortgage provider PHH Corporation will pay $17 million to settle a class action lawsuit alleging a years-long kickback scheme. The settlement, recently approved by a California judge, stems from a 2015 lawsuit that accused Realogy and PHH of funneling title insurance business to Title Insurance Group, a Realogy subsidiary. They did so through a business called PHH Home Loans, which facilitated the arrangement in violation of the Real Estate Settlement Procedures […]
source https://therealdeal.com/2018/09/04/realogy-phh-to-pay-17m-to-settle-kickback-suit/
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