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Shares of mortgage originator PHH climb

Shares of mortgage originator PHH climb

This is a discussion on Shares of mortgage originator PHH climb within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; Laurel, NJ-based PHH said that its third-quarter loss grew 62 percent on a continued decline in the bmortgage/b markets and ...

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Mortgage Know-How A mortgage is the transfer of an interest in property (or the equivalent in law - a charge) to a lender as a security for a debt - usually a loan of money. While a mortgage in itself is not a debt, it is the lender's security for a debt. It is a transfer of an interest in land (or the equivalent) from the owner to the mortgage lender, on the condition that this interest will be returned to the owner when the terms of the mortgage have been satisfied or performed. In other words, the mortgage is a security for the loan that the lender makes to the borrower.

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11-13-2008, 08:01 AM

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Shares of mortgage originator PHH climb

Laurel, NJ-based PHH said that its third-quarter loss grew 62 percent on a continued decline in the bmortgage/b markets and a one-time charge. PHH also said bmortgage/b activity fell during the most recent quarter, with total closings falling b.../b

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