A quarterly decline in mortgage originations at PHH Corp. was primarily the result of an earlier decision to reduce its reliance on the correspondent lending channel. The company’s pipeline of locked applications ready to close point to an even slower second quarter. But with widening profit margins and a “robust” retail pipeline, PHH’s chief was [...]
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Correspondent Retreat Hurts PHH Production
May 2nd, 2012 
davidguide 
Posted in Business Loans 
Tags: correspondent lending, decision, Decline, lending, mortgage originations, phh corp, Profit, profit margins, quarterly decline, result, Retreat 
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