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Housing Wire
  • Wed, 04 May 2016 21:37:00 +0000: PHH sinks as low interest rates destroy mortgage servicing - All HW content
    The first quarter's historically low interest rates already pulled down the performance of Nationstar Mortgage, Walter Investment, and Ocwen Financial thanks to the impact of negative adjustments to the "fair value" of each company’s mortgage servicing rights portfolio, and now PHH Corporation is joining that unfortunate list as the company posted a loss in the first quarter.

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