Home » Short Takes: Now Let Us Praise Servicing Profits / Is the Default Management Business Headed for a Crackup? / Okay, Who’s Looking at PHH? / The Waters Bill Is Not Half-Bad / Giving Carrington Some Credit
Short Takes: Now Let Us Praise Servicing Profits / Is the Default Management Business Headed for a Crackup? / Okay, Who’s Looking at PHH? / The Waters Bill Is Not Half-Bad / Giving Carrington Some Credit
Speculation continues to grow concerning which nonbanks have looked at buying PHH Mortgage. Our sources caution that “looking” doesn’t mean a deal is close. PHH is based in Cherry Hill, NJ, not too far from Philadelphia. One advisor suggested we look at who has been flying in from points south.