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Mortgage settlement could bring $1.5 million for Illinoisans who lost homes

The company faced lawsuits from every state’s attorney general with the exception of New Jersey, where it’s based, and from mortgage regulators from multiple states. They allege PHH failed to apply loan payments, properly execute foreclosure paperwork and respond to borrower’s loan information requests…Please click here to read Samantha Bomkamp’s story in the Tribune.

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