PHH Production Picks Up

Author:  //  Category: Mortgage

Quarterly residential loan originations at PHH Mortgage were better than the prior period and are poised to continue rising. The servicing portfolio expanded by more than a quarter. 

From April 1 through June 30, PHH closed 11 percent more in home loan production than during the first quarter, according to second-quarter earnings data.

Residential loan production was also better than the second-quarter 2012, with business increasing by 15 percent on a year-over-year basis.

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PHH Production Picks Up


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