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.
Is Onity Group eyeing a sale? Perhaps. And why not? Servicing values are approaching a 25-year high.
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