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November 5, 2014

PHH Loses Money on Mortgage Business in 3Q14, Lower Gain-on-Sale Blamed

By Paul Muolo

PHH's servicing portfolio continues to shrink thanks to MSR sales and payoffs.

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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.
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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