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The Census Bureau is cooking the new home sales numbers

You can’t make bricks with imaginary straw

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Items Tagged with 'Glen Messina'

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Activist shareholder urges PHH to create a separate vehicle for MSRs

The idea is to unlock hidden value, analysts say
Kerri Ann Panchuk
An activist investor says PHH Corp. can unlock hidden value by launching a restructuring effort that on its face seems to mirror Nationstar's corporate structure. The idea is to form a separate entity that can hold PHH's mortgage servicing rights. So far market analysts are impressed with the plan.
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