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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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After the November elections, how long will it take for a new Congress and White House to pass GSE reform legislation?

I’m confident a bill will be passed the first year.


2 to 3 years. GSE reform is complicated.


Sadly it won’t happen in a Clinton or Trump first term.


Not in my lifetime.


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