Hints and tips:
...More logical would be to criticise the CFPB’s action against PHH Corporation, a listed mortgage lender, whose shares fell by a third in the summer of 2015 after the consumer watchdog increased a penalty...
...So-called shadow banks such as Quicken Loans, PHH and loanDepot.com accounted for 53 per cent of government-backed mortgages originated in April — almost double their share in April 2013....
...The bank’s third-party mortgage servicer, PHH Corp, has also taken more time than initially expected to increase production....
...Mr Abrahams said the top five lenders – Wells Fargo, Bank of America, JPMorgan Chase, Citigroup and PHH Mortgage – “don’t seem very interested in competing on rate”....
...The top five originators comprise Wells Fargo, Bank of America, JPMorgan Chase, Citi and PHH....
...Fitch’s ratings reflect the high quality of the mortgage pool, the strong historical performance of the two originators and servicers (First Republic Bank and PHH Mortgage Corp.), the clear capital structure...
...PHH is not in the subprime mortgage business, but the value of its mortgages has deteriorated since September, when PHH announced there could be a $750m shortfall in the debt financing from banks led by...
...To be sure, PHH – a mortgage lender, albeit not of the subprime variety – is part of a troubled sector....
...PHH will reimburse Blackstone’s expenses to a ceiling of $4.5m. Because PHH is involved in the mortgage business, the demise of the deal had long been expected....
...A $1.8bn deal between General Electric and Blackstone to acquire PHH, a mortgage and leasing business, became the latest casualty of turmoil in the credit markets as PHH said on Tuesday it had terminated...
...A tussle over the buy-out of PHH, the vehicle leasing and mortgage company, provides the latest evidence....
...The $1.8bn takeover of PHH, a US residential mortgage and vehicle leasing company, by Blackstone and General Electric was thrown into question on Monday when two banks cut their funding commitments for the...
...The $1.8bn takeover of PHH, a US residential mortgage and vehicle leasing company, by Blackstone and General Electric was thrown into question on Monday after a fight broke out over the commitment made by...
...PHH is not in the subprime mortgage business, but the value of its mortgages have deteriorated since September, when PHH announced there could be a $750m shortfall in the debt financing from banks led by...
...The concerns follow last week’s collapse of an agreement by GE and Blackstone to buy PHH, a mortgage and vehicle leasing company....
...The new year was only 20 minutes old when PHH, a mortgage originator, announced that its $1.8bn sale to Blackstone had been derailed by the buy-out group’s failure to secure financing....
...In other deals, General Electric’s Capital Solutions and Blackstone Group reached agreement to acquire PHH Corp for $31.50 a share in an all-cash purchase valued at about $1.8bn....
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