PHH Hurt by MSR Markdown


PHH Corp. posted a $42 million loss in the third quarter after marking down the value of its servicing portfolio by $217 million.

The full article is available to Asset Securitization Report's subscribers only

Free Trial
For immediate access, sign-up for a risk-free trial.

Already a print subscriber? As a print subscriber, you are entitled to online access. Please click here to activate your account.