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June 9, 2014

PIMCO Amasses 10.6 Percent of PHH, But Stock Hardly Budges

By Paul Muolo

At March 31, PIMCO did not even rank among the top institutional holders of PHH Corp. As one analyst quipped: "Maybe they like the valuation."

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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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