PHH Mortgage Corp. Class Action Settlements in New Mexico
All PHH Mortgage Corp. class action lawsuits and settlements available to New Mexico residents.
Last updated: April 28, 2026 · By Class Action Buddy
New Mexico residents have 1 active class action settlements involving PHH Mortgage Corp. that they can file claims for right now. Open settlements include $1.5M PHH Mortgage Corp. misleading default notices class action settlement.
Class Action Buddy automatically files PHH Mortgage Corp. claims for New Mexico residents in under 60 seconds — no paperwork, no mailing, no proof of purchasey/proof-of-purchase/" style="color:#5D82F2;text-decoration:none;font-weight:500;">proof of purchase needed for most settlements.
Open PHH Mortgage Corp. Settlements for New Mexico Residents (1)
These PHH Mortgage Corp. settlements are currently accepting claims from New Mexico residents.
$1.5M PHH Mortgage Corp. misleading default notices class action settlement
Up to VariesBorrowers who received default notices from PHH Mortgage (Dec 2022-Dec 2025) may get automatic compensation from this $1.5M settlement.
About PHH Mortgage Corp. Class Actions in New Mexico
PHH Mortgage Corp. has serviced thousands of home loans for New Mexico residents, particularly in the Albuquerque and Santa Fe metropolitan areas. The company operates as a licensed mortgage servicer in New Mexico under the state's Regulation and Licensing Department oversight. New Mexico's Unfair Practices Act provides additional consumer protections beyond federal mortgage servicing laws, including provisions against deceptive debt collection practices that were relevant to PHH's $1.5 million misleading default notices settlement. This settlement addressed PHH's practice of sending confusing foreclosure notices to borrowers who were current on modified payment plans. New Mexico residents filing class action claims must be aware of the state's three-year statute of limitations for consumer protection violations. The New Mexico Attorney General's office has historically been active in mortgage-related enforcement actions. PHH Mortgage was acquired by Ocwen Financial in 2018, but legacy PHH loans continue to be serviced under various entities. New Mexico's relatively high rate of VA loans means many residents may have been affected by PHH's servicing practices, as the company was a major VA loan servicer.
PHH Mortgage Corp. Settlements in New Mexico: FAQs
Are New Mexico residents covered under the PHH Mortgage Corp. misleading default notices settlement?
Yes, New Mexico residents who received confusing foreclosure notices from PHH while current on loan modifications between 2012-2017 were eligible for the $1.5 million settlement. The settlement covered borrowers nationwide who received these misleading notices. Eligible New Mexico residents could receive compensation ranging from $100 to $1,000 depending on their specific circumstances.
How does New Mexico's Unfair Practices Act affect PHH Mortgage Corp. claims?
New Mexico's Unfair Practices Act provides broader consumer protections than federal law and allows residents to pursue additional damages for deceptive mortgage servicing practices. This state law was particularly relevant to PHH's misleading notice practices since it specifically prohibits confusing debt collection communications. New Mexico residents may have stronger legal remedies available compared to residents in other states.
What should New Mexico residents know about PHH Mortgage Corp.'s local operations?
PHH Mortgage Corp. serviced loans throughout New Mexico, with significant activity in urban areas like Albuquerque and Las Cruces where they handled numerous conventional and government-backed mortgages. The company was licensed by New Mexico's Regulation and Licensing Department as a mortgage loan servicer. After PHH's acquisition by Ocwen in 2018, many New Mexico borrowers' loans were transferred to other servicers.
Tips for New Mexico Residents Filing PHH Mortgage Corp. Claims
New Mexico residents pursuing PHH Mortgage Corp. claims should gather all mortgage correspondence, payment records, and foreclosure notices received between 2012-2017. Contact the New Mexico Regulation and Licensing Department to verify current servicer licensing and file complaints. Document any violations of New Mexico's Unfair Practices Act, which provides stronger protections than federal law. Keep detailed records of payment histories, especially regarding loan modifications. Consider consulting attorneys familiar with both federal mortgage servicing regulations and New Mexico consumer protection laws. File claims promptly as New Mexico's three-year statute of limitations applies to consumer protection violations.
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