The RPS1-minus residential servicer ratings of PHH Mortgage Corp., Mt. Laurel, N.J., have been placed on Rating Watch Negative by Fitch Ratings.Affected are the company's primary servicer ratings for prime, alternative-A, and home equity/home equity line of credit products. The rating actions reflect the uncertainty of market conditions and the sales of PHH Mortgage and its parent company, PHH Corp., Fitch said. The rating agency can be found on the Web at http://www.fitchratings.com.
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