Archive for tag: Servicing Errors

How a $600 Servicing Error Snowballed into a $16M Jury Verdict

August 25, 2014

By Kate Berry Here is a cautionary tale of how a seemingly minor error can end up costing a financial services company big if left unaddressed. A jury last month awarded $16.2 million in damages to a California homeowner who waged a three-year battle to block a foreclosure by the private-label mortgage servicer PHH Corp. […]

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