PHH Corp. will pay the Justice Department $75 million to settle a False Claims Act investigation of its underwriting practices on mortgages insured by the Federal Housing Administration and Department of Veterans Affairs, as well as loans sold to Fannie Mae and Freddie Mac.

The False Claims Act settlement covers FHA loans originated between Jan. 1, 2006, and Dec. 31, 2011, PHH said in a regulatory filing Tuesday. The Department of Housing and Urban Development's Office of the Inspector General issued subpoenas in 2013 seeking documents related to the origination and underwriting process for FHA-insured mortgages and a small sample of loans originated during that period.

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