The acquisition of PHH Corp., which has operated as an independent organization for more than a dozen years, has been completed. Mount Laurel, New Jersey-based PHH previously operated as part of Cendant Corp. At the time, PHH Mortgage Corp. was known as Cendant...
A weekly bump in purchase-money applications was offset by a dip in refinances. The share of loan applications for adjustable-rate mortgages was the most broad it’s been in four months. Based on the Market Composite Index for the week ended Sept. 28,...
A sharp drop in monthly consumer bankruptcy filings was complimented by a year-over-year improvement. States with the most filings per capita were concentrated in the South. U.S Bankruptcy Courts saw a preliminary 57,569 overall new filings during September. The total...
More than $500 million in loans owned by the Federal Home Loan Mortgage Corp. have been sold through the auction process. A majority of the loans have been modified and fallen delinquent again. Freddie Mac first announced the $655 million offering last month. The...
BATON ROUGE, Louisiana — Local business leaders remembered O. Miles Pollard Jr. Monday as an entrepreneur who made connections with people all over the world. “If you didn’t like him, there was something wrong with you,” said Jake Netterville,...
