The first quarter’s historically low interest rates already pulled down the performance of Nationstar #mortgage, Walter Investment, and Ocwen Financial thanks to the impact of negative adjustments to the “fair value” of each company’s #mortgage servicing rights portfolio, and now PHH Corporation is joining that unfortunate list as the company posted a loss in the first quarter. http://www.housingwire.com/articles/36967-just-like-ocwen-nationstar-and-walter-mortgage-servicing-sinks-phh-in-q1 ❤️ #share #mortgage
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