Loan Think

A New National Player in Correspondent Lending

What’s that old saying that evangelicals (and baseball players) like to use: when one window closes, another opens? PHH Mortgage recently announced to the world that it’s taking an ax to its correspondent lending business, one of the largest in the nation. So long PHH, I guess. But there’s a new national player in the correspondent space. The story soon will appear on the National Mortgage News website. Among correspondent buyers, PHH Mortgage ranks seventh, according to the Quarterly Data Report.

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