PHH closes sale of Freddie MSRs to New Residential

New Residential Investment Corp.’s acquisition of Freddie Mac mortgage servicing rights portfolio from PHH Corporation North America , North America legal chronicle june 23, 2017 Ambrogio Visconti Jones Day has advised PHH Corporation on the sale of its MSR portfolio and related servicing advances to New Residential Investment Corp.

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PHH CORPORATION (NASDAQ:PHH) Files An 8-K Entry into a Material Definitive Agreement Item 1.01. Entry into a Material Definitive Agreement. Agreement for the Purchase and Sale of Servicing Rights.

Net mortgage servicing rights (MSRs. looks at a residential MBS? Kroll recently rated one of Redwood Trust’s deals, and here is all the nitty-gritty. The mortgage loans were originated by First.

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Back in December 2016, Mount Laurel, New Jersey-based PHH disclosed plans to sell its MSRs on $72 billion in loans to New Residential Mortgage LLC. PHH indicated at the time that a subservicing agreement with New Residential has it subservicing 480,000 loans underlying the MSRs for an initial period of three years.

New Residential. On December 28, 2016, the Company entered into an agreement to sell substantially all of its portfolio of MSRs and related advances, excluding the GNMA msrs pending sale to Lakeview, to New Residential Mortgage LLC ("New Residential"), a wholly-owned subsidiary of New Residential Investment Corporation.

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Back in December 2016, Mount Laurel, New Jersey-based PHH disclosed plans to sell its MSRs on $72 billion in loans to New Residential Mortgage LLC. PHH indicated at the time that a subservicing agreement with New Residential has it subservicing 480,000 loans underlying the MSRs for an initial period of three years.

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PHH Phh Corp Additional Proxy Soliciting materials (definitive) (defa14a) united STATES SECURITIES AND exchange commission washington, D.C. 20549 FORM 8-K.

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