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November 7, 2014

PHH Mortgage Dodges a Legal Bullet – for Now

By Thomas Ressler

Initially, the jury awarded $514,000 in compensatory damages from PHH Mortgage and $15.7 million in punitive damages.

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Who should make the ultimate decision in resolving the future of Fannie Mae and Freddie Mac?

I wish we had another option, but we don’t.

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