HSBC yanks massive PHH mortgage servicing portfolio HSBC yanks massive PHH mortgage servicing portfolio It appears that PHH Corp. is dealing with a subservicing problem on its hands. For the second time in four months, the company is about to lose a large portion of its mortgage portfolio.

On December 23, the DOJ and CFPB jointly filed a complaint and proposed Consent Order against National City Bank in a Pennsylvania District Court requiring PNC Bank, as successor to National City Bank, to establish a $35 million settlement fund for African-American borrowers allegedly affected by discriminatory mortgage loan pricing.

In the joint complaint, the CFPB and DOJ allege that National city bank violated the Equal Credit Opportunity Act (ECOA), which prohibits creditors from discriminating against loan applicants on the basis of race or national origin.

In the complaint, the CFPB and DOJ allege that National City Bank violated the ECOA by charging African-American and Hispanic borrowers higher mortgage prices than similarly creditworthy white borrowers. The DOJ also alleges that National City violated the Fair Housing Act, which similarly prohibits discrimination in residential mortgage lending.

On June 29, 2016, the Consumer Financial Protection Bureau (CFPB) and the Department of Justice (DOJ) jointly filed a complaint against a regional bank alleging that the bank discriminated against African-American borrowers in many aspects of its mortgage lending services.

In a complaint filed against Sage Bank, the DOJ. race and national origin, and Sage Bank has agreed to restructure and monitor its lending practices to ensure that it is meeting those obligations,”.

Plaintiffs Consumer Financial Protection Bureau ("CFPB") and the United States of America ("Department of Justice" or "DOJ") bring this action to remedy discrimination by National City Bank against approximately 76,000 African-American and Hispanic residential mortgage borrowers between 2002 and 2008.

In the complaint, the CFPB and DOJ allege that National City Bank violated the ECOA by charging African-American and Hispanic borrowers higher mortgage prices than similarly creditworthy white borrowers. The DOJ also alleges that National City violated the Fair Housing Act, which similarly prohibits discrimination in residential mortgage lending.

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Harmed African-American and Hispanic Borrowers Will Receive $35 Million in Restitution WASHINGTON, D.C. – December 24, 2013 – (RealEstateRama) – The Consumer Financial Protection Bureau.

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The Justice Department and the Consumer Financial Protection Bureau filed a consent order today to resolve allegations that National city bank engaged in a pattern or practice of discrimination that increased loan prices for African-American and Hispanic borrowers who obtained residential mortgages between 2002 and 2008 from National City Bank’s retail offices and nationwide network of.