Tag Archives: PHH

The $109 million disgorgement order from CFPB to PHH remains at the center of the litigation and CFPB Director Richard Cordray is at risk of being fired by President Trump.

"We are excited about the opportunity of adding a significant number of talented mortgage professionals and establishing a new operations center for LenderLive in Jacksonville,” said Rick Seehausen, LenderLive CEO. “The arrangement accelerates our long-stated imperative of driving scale and operating leverage in our private label Mortgage Solutions business.”

The U.S. Court of Appeals for the District of Columbia on Tuesday ordered a restructuring of how the Consumer Financial Protection Bureau (CFPB) operates within the executive branch.

PHH Corporation’s appeal of the CFPB’s ruling may not only clarify the CFPB’s reach in interpreting statutes and doling out enforcement actions, but it also challenges the very structure of the bureau and its director. Editor's note: This select print feature appears in the May 2016 edition of MReport magazine.