Loan Think

What We're Hearing

Published June 14, 2010, 5:00 a.m. EDT

1 Min Read

It's good to be king. Last month PHH Corp. named mortgage industry veteran, Luke Hayden, president of its mortgage division "effective immediately." A recent SEC filing by PHH notes that Hayden was granted 15,000 stock options. The conversion price is $20.85 which means the options aren't yet "in the money" but are getting close. Over the past six months insiders at PHH have bought (or been granted) 36,500 shares, according to figures compiled by Thomson Financial. But insiders have been selling too. Among mortgage banking firms, PHH Mortgage ranks among the nation's top 10 lenders and servicers, according to figures compiled by National Mortgage News and the Quarterly Data Reportâ¦

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