The U.S. Department of Housing and Urban Development (HUD) on Monday announced that it has reached a settlement with PHH Mortgage Corp., a division of the Onity Group, over the alleged imposition of fees for borrowers making payments on their mortgages, which is in violation of Federal Housing Administration (FHA) requirements.

Describing the settlement as “historic,” HUD said in a statement that it “provides the largest reimbursement amount to the most FHA borrowers in HUD’s history.”

“One of the most sacred responsibilities we have at HUD details ⇒

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