The announcement is an update to the PHH Mortgage Seller Guide (“Guide”). The requirements contained herein and in previous announcements are incorporated into the Guide, and they are considered a part of and supplement the Guide.
Currently, PHH is unable to accept the FNMA RefiNow product. We are reviewing the product and will notify Sellers as soon as the product is made available.
Please reference the PHH Mortgage Correspondent Product Listing and guidelines for additional details
If you have any questions, please feel free to contact your Account Executive, Rate Lock or PHH Correspondent Operations at 1-800-929-4744, or
RateLock@PHHMortgage.com or
PHHCorrSupport@PHHMortgage.com.