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Fitch Assigns Additional Servicer Ratings for PHH

After being assigned an RPS3 rating as a residential primary servicer for its prime product in August, PHH was assigned additional servicer ratings by rating agency Fitch. Click through to learn which additional products and operations of PHH were rated and the outlook assigned to them.

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PHH Servicer Ratings Rise

The rating agency recently assigned an enhanced primary servicer rating for PHH. What were the factors that led Fitch to assign an RPS3 rating for PHH’s prime product?

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Prime Jumbo RMBS Transactions Double in Size

The number of prime jumbo RMBS transactions has doubled year-over-year, according to a new report. Six new transactions were completed in Q1 2017, totaling $2.6 billion. Only 29 out of about 50,000 loans are currently delinquent.

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