A handful of investors, including Caliber Home Loans, are kicking the tires at PHH Corp., taking a close look at the company’s mortgage assets and platforms, investment banking sources told Inside Mortgage Finance this week. At this point in time, a sale of the company through a stock transaction is highly unlikely, but the disposal of some of its key assets – in particular, its $231.74 billion servicing portfolio – could finally materialize before yearend. It’s...
Some SWFs in other countries have extensive ownership interests in major corporations and sweep much of their profits into state coffers.
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