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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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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.
11 to 30. We’re feeling slightly bullish.
31 or more. We’re in expansion mode.
None. We’re staying right where we are, for now.
We’re cutting back.

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