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May 7, 2014

Moody’s: PHH May Have Trouble Negotiating Renewal of Private-Label Contracts

By Paul Muolo

One of PHH’s largest private label clients is Merrill Lynch, which is owned by Bank of America.

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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.

47%

Yes, by a lot.

5%

Yes and, heck, we may even do non-QM lending.

14%

No, not at all.

26%

No and we may even tighten credit.

7%