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May 22, 2014

PHH Stock Rises 17 Percent in Two Days but Mortgage Unit Sale Won’t Come Soon

By Paul Muolo

“I don’t think it gets sold for the time being,” said one analyst speaking under the condition his name not be used. “It needs lots of restructuring yet.”

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Poll

HUD has announced a 25 basis point cut in FHA premiums, which is slated to take effect in late January. Is your lending shop for or against a cut in FHA premiums?

For. It should help lending volumes.
Against. The private MI sector should take on this risk, not the government.
Too early to say.
I believe the new White House may scuttle the idea so it doesn’t matter.

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