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July 8, 2014

PHH Will Invest $350 Million in Mortgage Unit, but Outsourcing and Layoffs Ahead

By Paul Muolo

Will PHH sell its mortgage division this year? Don't bet on it. But it will spend millions on a company restructuring.

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In 2016, what have you been paying your retail residential loan officers, on average, as a commission?

25 to 50 basis points per loan
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