March 27, 2014
Short Takes: Now Let Us Praise Servicing Profits / Is the Default Management Business Headed for a Crackup? / Okay, Who’s Looking at PHH? / The Waters Bill Is Not Half-Bad / Giving Carrington Some Credit
Speculation continues to grow concerning which nonbanks have looked at buying PHH Mortgage. Our sources caution that “looking” doesn’t mean a deal is close. PHH is based in Cherry Hill, NJ, not too far from Philadelphia. One advisor suggested we look at who has been flying in from points south.
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