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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

How many new retail loan officers (net) is your shop looking to hire in the first quarter of 2018?

1 to 10. We’re being careful.

37%

11 to 30. We’re feeling slightly bullish.

15%

31 or more. We’re in expansion mode.

None. We’re staying right where we are, for now.

26%

We’re cutting back.

22%