PHH closes sale of Freddie MSRs to New Residential

Mortgage

PHH Corp. completed the sale of its Freddie Mac mortgage servicing rights portfolio to New Residential Corp. on June 16.

However, Mount Laurel, N.J.-based PHH’s sale of the Fannie Mae MSR portfolio to New Residential is expected to take place in the third quarter, according to an 8-K filing with the Securities and Exchange Commission.

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