Volume 2014 - Number 42
November 6, 2014
PHH Mortgage Dodges a Bullet, For Now, as Judge Throws Out Punitive Damages in Loan Mod Dispute
PHH Mortgage may avoid taking a big hit in a legal dispute with a homeowner after the company mishandled his mortgage modification. Last week, in Linza v. PHH Mortgage Corp. et al., Yuba County (CA) Superior Court Judge Stephen Berrier threw out most of the jury’s original $16.2 million verdict against the company, including all punitive damages. Instead, the judge said that homeowner Phillip Linza is entitled to only $159,000 in damages. The case stems...
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