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April 10, 2014

PHH Names New Principal Accounting Officer; Meanwhile Doubts Increase on Sale

By Paul Muolo

PHH Mortgage has been on the auction block for at least two months. One called the sale “mission impossible.”

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Poll

With rates higher this year, there has been talk of lenders liberalizing their underwriting standards in an effort to increase volume and make up for lower refis.

Do you think your shop will loosen standards over the coming three months?

Yes, but not by much.
Yes, by a lot.
Yes and, heck, we may even do non-QM lending.
No, not at all.
No and we may even tighten credit.

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