A NATIONWIDE SETTLEMENT WITH A MAJOR MORTGAGE COMPANY MEANS CASH PAYMENTS FOR AROUND 265 NEW MEXICANS. CHOLLA KHOURY WITH THE STATE ATTORNEY GENERALS OFFICE SAYS SOME PEOPLE ENDED UP LOSING THEIR HOMES BECAUSE OF BAD ACTS BY P-H-H MORTGAGE CORPORATION OF NEW JERSEY.
SHE SAYS IF THEY FACED FORECLOSURE BUT DIDN’T LOSE THEIR HOME, THEY’LL RECEIVE ONE LEVEL OF REPAYMENT. THOSE WHO LOST THEIR HOMES TO FORECLOSURE WILL GET A DIFFERENT LEVEL OF PAYMENT.
KHOURY SAYS P-H-H WAS ACCUSED OF IMPROPERLY SERVICING MORTGAGE LOANS OVER A FOUR YEAR PERIOD.
