PHH Servicing Production Cheaper Than Buying

PHH Corp., Mt Laurel, N.J. is the only independent mortgage loan servicer that can internally generate new unpaid principal balances for its platform and thus its loan production unit can generate MSRs at a discount compared to the cost to purchase them, an analyst for Sterne Agee said.

Article source: http://www.nationalmortgagenews.com/dailybriefing/2010_428/phh-servicing-production-1026487-1.html

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