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PHH exits correspondent lending as rest of industry steps in 

May 06, 2016By

As the others in the industry look toward correspondent lending to grow their business, PHH Corporation announced that it decided to exit the wholesale/correspondent lending channel. This past year threw a lot at PHH, causing the company to have to reevaluate its strategy. As it heads back to the drawing board, here’s the situation its trying to asses.

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