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PHH has sold all their mortgages

Posted by CM on September 6, 2009

According to SEC filings dated June 2, 2009; it appears that PHH through Chesapeake Funding has sold ALL of their mortgages.  However, they have retained their servicing rights. 
PHH sold their mortgages for $1 Billion to: J.P. Morgan, Bank of America, Citigroup, Wachovia, Scotia Capital, and RBS.     

See the full SEC filing here


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