Quarterly residential loan originations picked up at PHH Mortgage. While the company cut its losses, delinquency rose and the servicing portfolio declined.
Before income taxes, the Mount Laurel, New Jersey-based organization had a $20 million loss for the period that started on April 1 and ended on June 30.
Those details, along with numerous other operational and financial results, were provided by parent PHH Corp. in its second-quarter 2016 earnings report.
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From:: Financing