Nearly 550 Kentuckians Faced with Home Foreclosures from PHH Mortgage Company Eligible for Payments

Attorney General Andy Beshear is calling on the nearly 550 Kentuckians who faced foreclosures on their homes from New Jersey-based PHH Mortgage Company to sign-on to a multi-state settlement against the company. The deadline is January 28, 2019. Beshear said a third-party administrator handling payments for eligible Kentuckians mailed final notices on December 21, 2018. Beshear, along with 48 other attorneys general, the District of Columbia, and over 45 state mortgage regulators reached the $45 million settlement earlier this year. The settlement resolves allegations that PHH improperly service single-family residential mortgage loans from January 1, 2009 through December 31, 2012. A total of 300 borrowers who lost their property qualify for a minimum $840 payment, and 248 whose foreclosures had not been finalized will receive a minimum $285 payment.

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