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New York DFS fines PHH for failing to fulfill obligations to maintain ‘zombie’ properties
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Regulatory Updates
Monday, December 18, 2017
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The New York Department of Financial Services fined PHH Mortgage for failing to maintain a vacant and abandoned property under DFS’s Vacant and Abandoned Property Law. It also issued guidance to remind banks and mortgage servicers of their responsibilities to maintain vacant and abandoned properties across the state. Read on for more details.
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