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August 22, 2017

Morgan Stanley Declares 5.2 Percent Stake in PHH Corp.

By Paul Muolo

PHH is in the throes of transforming from a business predicated on private-label originating and servicing to being mostly a subservicing vendor.

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Poll

With originations expected to drop in 2018, will your shop turn to non-QM/non-prime mortgage products as a way to bolster volumes?

Yes, definitely. We’re planning a launch.
No. It’s still difficult compliance/regulatory-wise.
Maybe. It’s under consideration.
Not now. But things could change as 2018 progresses.

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