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PHH was founded by Duane Peterson, Harley Howell and Richard Heather in 1946 in Mount Laurel, New Jersey and incorporated in 1953 as a Maryland corporation [1] providing mortgage services, employee relocation services, fleet management services.
Piggyback mortgage: Also known as an 80-10-10 loan, this is a first mortgage to finance 80% of the home’s value, a second mortgage to finance 10% more, plus your 10% down payment. Mortgage ...
A Georgia homeowner was awarded $21 million in a lawsuit against one of the largest mortgage servicers in the nation. The homeowner, David Brash, a U.S. Army sergeant, claimed that PHH incorrectly ...
PHH's businesses of mortgage brokerage, relocation services, and fleet management were expected to synergize with HFS's real estate and car rental businesses. [ 25 ] However, later that year, Silverman led HFS into what would prove a disastrous merger with CUC International , a direct marketing company that operated discount membership programs ...
Imagine a world where you don't have to write or mail a check, handle paper money or swipe your credit card -- all you have to do is enter some information into a Web site to make a financial ...
Mortgage insurance (also known as mortgage guarantee and home-loan insurance) is an insurance policy which compensates lenders or investors in mortgage-backed securities for losses due to the default of a mortgage loan. Mortgage insurance can be either public or private depending upon the insurer.
With conventional loans, private mortgage insurance is generally paid monthly as a part of your mortgage payment. However, some lenders may allow you to pay some or all of the premium in advance ...
Onity Group, formerly Ocwen, is a provider of residential and commercial mortgage loan servicing, special servicing, and asset management services, which has been described as "debt collectors, collecting monthly principal and interest from homeowners".