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.