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Chapter 13 Compliance Topics
PHH requires Clients to comply with all applicable regulatory requirements related to the origination and closing of Loans. Clients should consult their own legal or compliance counsel to ensure that all loans sold to PHH are fully compliant with...

Resources > FAQ > CHAPTER-13-COMPLIANCE-TOPICS > CHAPTER-12-COMPLIANCE-TOPICS

13.1 General Disclosures
Federal and state laws and regulations require applicable disclosures to be provided to the borrower within prescribed time frames. It is the Client’s sole responsibility to accurately prepare and deliver all applicable disclosures to the...

Resources > FAQ > CHAPTER-13-COMPLIANCE-TOPICS > 12-1-General-Disclosures-(1)

13.2 Fair Lending Policy
PHH's commitment to fairness and equal opportunity lending is clear and unequivocal. PHH requires the application of fair and consistent origination and underwriting practices by the Client as well. Discrimination based on race, color, sex,...

Resources > FAQ > CHAPTER-13-COMPLIANCE-TOPICS > 12-2-Fair-Lending-Policy

13.5 Anti Predatory Lending
PHH supports the expansion of fair and equitable home ownership opportunities and opposes predatory lending. We are committed to upholding the standards of fair and responsible lending in all aspects of our business practice. Our commitment...

Resources > FAQ > CHAPTER-13-COMPLIANCE-TOPICS > 12-5-Anti-Predatory-Lending

13.6 Qualified Mortgage Requirements and Compliance with Points and Fees

The maximum points and fees applicable to a Qualified Mortgage vary based upon the loan amount. In addition, all dollar amounts, including loan amounts, will be adjusted for inflation annually on January 1 by the CFPB. All Loans submitted for...

Resources > FAQ > CHAPTER-13-COMPLIANCE-TOPICS > 12-6-Qualified-Mortgage-Requirements-and-Complianc