Exclusive: Mortgage lender loanDepot will soon offer personal loans

New FICO program reveals credit score to risky borrowers

Idea comes from CFPB request

Is this any way to run a mortgage market?

Here's the right solution

Items Tagged with 'PHH Corp.'


Weak mortgage production drags PHH down again

Company posts loss of $59 million despite fleet business sale
Ben Lane
On the positive side, the $27 million loss from the mortgage production segment was an improvement from the $60 million loss suffered by the segment in the first quarter of 2014. By contrast, though, the segment pulled in a profit of $44 million in the second quarter of 2013.
Read More

Foreclosure fee investigation grows to 5 banks

Three more firms being investigated
Brena Swanson
As HousingWire readers were alerted last August, U.S. regulators are, in fact, expanding their investigation into different banks' charges connected with foreclosure actions.
Read More

Amid discussion of mortgage business split, PHH posts $42 million loss

Company expects decision on its future in the 2nd quarter
Ben Lane

PHH reported its first-quarter earnings for 2014, and the news was not promising for the company's future.

Read More

Mortgage stocks sink with HW 30

Ellie Mae stands out, rises after acquiring MortgageCEO
The HW 30 – HousingWire’s exclusive list of mortgage finance stocks – sunk 0.27%, or 2.96 points, in Thursday trading, as several lending and servicing companies experienced disappointing declines. Still, one overachiever – Ellie Mae – stood out.
Read More

Industry stocks see second straight day of gains

HW 30 up 1.6% as PHH, Trulia lead the way
Paul Jackson
Housing economy stocks notched their second straight day of gains as the HW 30 equity index (HW30) rose behind strong gains from PHH Corp. (PHH) and real estate search giant Trulia, Inc. (TRLA).
Read More

PHH Mortgage settles NJ servicing investigation for $6.25M

State AG accused the servicer of misleading troubled homeowners
Kerri Ann Panchuk
PHH Mortgage ends a servicing investigation launched by the New Jersey Attorney General by agreeing to pay a $6.25 million settlement.
Read More

HW 30 falls across the board as political gridlock persists

PHH Corp. dives after significant rise
Kerri Ann Panchuk
Political gridlock over how to handle the impending debt ceiling crunch and the funding of the U.S. government sent all three stock indices and the HW 30 into the red Tuesday as traders reacted to the ongoing gridlock in Washington D.C.
Read More

Most HW 30 stocks plummet, while PHH rises on unit sale rumors

Q3 earnings expectations weaken
Kerri Ann Panchuk
Housing stocks tied to the HW 30 index compiled by HousingWire experienced an abysmal trading day Monday as the government remained closed – and Fannie Mae released a report suggesting consumers on the housing side are a little more bearish.
Read More

PHH Corp. is considering sale of mortgage, auto fleet units

More rumors are circulating about the future of lender and servicer PHH Corp. According to Reuters, the company is considering a plan to split up its mortgage and auto fleet leasing businesses, selling the units individually.
Read More

IMA plans $140M MSR sale

Asset class remains attractive in today's rate environment
Christina Mlynski
"It’s attractive massive outside capital that’s now being deployed to capitalize on the yield in the market," Interactive Mortgage Advisors managing director Tom Piercy said, when announcing the latest $140 million MSR sale under his firm's management.
Read More