Lenders › Phh Mortgage Corporation
Phh Mortgage Corporation
HMDA reporter, headquartered in West Palm Beach, Florida. Record for calendar year 2024.
HMDA data alone cannot be used to determine whether a lender is complying with fair lending laws. The data do not include some legitimate credit risk considerations for loan approval and loan pricing decisions. Figures are from the 2024 public HMDA loan/application register; cells under 25 applications are withheld.
In 2024, Phh Mortgage Corporation filed HMDA records for 14,879 applications and 4,770 originations in 45 states, worth $1.4bn.
Its denial rate, the share of decided applications the lender denied, was 30.6%, above the national rate of 24.3% and above the California rate of 24.8%. 5,235 applications were withdrawn by the applicant and 2,695 files were closed for incompleteness; those are not counted in the denial rate.
The median rate spread on its originated loans, the difference between the loan's APR and the average prime offer rate, was 0.3 percentage points (national median 0.3); 3.9% of its originations had a spread of 1.5 points or more.
By loan purpose the originations were mostly cash-out refinancing (44%) and refinancing (40%); by loan type, conventional (48%) and FHA (41%).
The largest volumes were in California (568 originations), Texas (426 originations) and Florida (382 originations).
Applications were up 56% on 2023.
Compared with California and the nation
| Measure | This lender | California, all lenders | United States |
|---|---|---|---|
| Denial rate (denied ÷ decided applications) | 30.6% | 24.8% | 24.3% |
| Median rate spread, percentage points | 0.3 | 0.4 | 0.3 |
| Originations with spread of 1.5 pp or more | 3.9% | 19.9% | 15.6% |
| Average originated loan | $291k | $566k | $329k |
| Home purchase share of originations | 8.9% | 51.2% | 57.0% |
| FHA-insured share of originations | 40.8% | 11.4% | 13.4% |
| VA-guaranteed share of originations | 11.7% | 4.8% | 7.9% |
| Applications withdrawn by applicant | 35.2% | 15.4% | 14.3% |
California is the lender's largest state by applications. State and national columns cover every HMDA reporter. Rate spread is reported on originated loans only.
Trend by year
ApplicationsOriginations
This lenderCaliforniaUnited States
| Year | Applications | Originations | Amount | Denial rate | Median spread | LAR records |
|---|---|---|---|---|---|---|
| 2018 | — | — | — | — | — | 12,583 |
| 2019 | — | — | — | — | — | 25,401 |
| 2020 | — | — | — | — | — | 61,958 |
| 2021 | — | — | — | — | — | 104,550 |
| 2022 | 25,506 | 9,183 | $2.4bn | 45.0% | 0.7 | 71,963 |
| 2023 | 9,540 | 3,581 | $876m | 41.4% | 0.4 | 47,348 |
| 2024 | 14,879 | 4,770 | $1.4bn | 30.6% | 0.3 | 62,326 |
Applications, originations and rates are computed from the public LAR for 2022, 2023, 2024; LAR record counts come from each year's transmittal sheet.
Loan purpose and loan type
By purpose
Home purchase 9% (423)Home improvement 7% (327)Refinancing 40% (1,910)Cash-out refinancing 44% (2,110)
By type
Conventional 48% (2,268)FHA 41% (1,944)VA 12% (558)
| Loan type | Applications | Originations | Denied | Denial rate (of applications) |
|---|---|---|---|---|
| Conventional | 7,869 | 2,268 | 827 | 10.5% |
| FHA-insured | 5,665 | 1,944 | 1,222 | 21.6% |
| VA-guaranteed | 1,345 | 558 | 74 | 5.5% |
| USDA Rural Housing Service or Farm Service Agency guaranteed | 0 | 0 | 0 | — |
Shares are of originated loans. The per-type denial rate here divides denials by all applications of that type, because decided counts are not kept per type.
Action taken
| HMDA action taken | Records | Share |
|---|---|---|
| 1 Loan originated | 4,770 | 7.7% |
| 2 Application approved but not accepted | 56 | 0.1% |
| 3 Application denied | 2,123 | 3.4% |
| 4 Application withdrawn by applicant | 5,235 | 8.4% |
| 5 File closed for incompleteness | 2,695 | 4.3% |
| 6 Purchased loan | 47,093 | 75.6% |
| 7 Preapproval request denied | 30 | 0.0% |
| 8 Preapproval request approved but not accepted | 324 | 0.5% |
Codes and labels are the HMDA action-taken codes. Applications are codes 1–5; the denial rate divides code 3 by codes 1–3.
Denial reasons as coded
Share of the lender's 2,123 denials by the first denial reason it coded (outlined bar: all lenders nationally). Lenders may record up to four reasons; only the first is counted here.
States
| State | Applications | Originations | Amount | Denial rate | Median spread |
|---|---|---|---|---|---|
| California | 1,651 | 568 | $243m | 31.8% | 0.1 |
| Texas | 1,444 | 426 | $116m | 30.9% | 0.3 |
| Florida | 1,372 | 382 | $110m | 36.2% | 0.1 |
| Georgia | 693 | 224 | $57m | 31.0% | 0.3 |
| Arizona | 572 | 198 | $58m | 24.6% | 0.1 |
| Pennsylvania | 544 | 170 | $33m | 31.1% | 0.5 |
| North Carolina | 520 | 131 | $35m | 37.6% | 0.2 |
| New Jersey | 510 | 142 | $46m | 35.9% | 0.3 |
| Virginia | 470 | 158 | $49m | 25.5% | 0.0 |
| Colorado | 453 | 168 | $57m | 20.8% | 0.0 |
| Tennessee | 420 | 149 | $37m | 32.3% | 0.2 |
| Ohio | 409 | 120 | $23m | 31.8% | 0.5 |
| Massachusetts | 384 | 118 | $44m | 29.2% | -0.0 |
| Illinois | 377 | 122 | $29m | 32.4% | 0.4 |
| Michigan | 361 | 114 | $25m | 29.0% | 0.4 |
| Maryland | 358 | 83 | $24m | 27.6% | 0.2 |
| New York | 351 | 75 | $24m | 40.8% | 0.2 |
| Washington | 314 | 114 | $40m | 27.6% | 0.0 |
| Indiana | 308 | 110 | $22m | 34.1% | 0.4 |
| Missouri | 279 | 87 | $18m | 35.1% | 0.5 |
| Nevada | 278 | 98 | $33m | 20.0% | -0.1 |
| Utah | 278 | 106 | $31m | 23.0% | 0.0 |
| South Carolina | 242 | 70 | $18m | 34.6% | 0.2 |
| Alabama | 235 | 101 | $22m | 17.2% | 0.3 |
| Oregon | 188 | 77 | $22m | 30.0% | 0.1 |
| Connecticut | 157 | 55 | $16m | 26.7% | 0.5 |
| Kentucky | 157 | 49 | $11m | 23.4% | 0.3 |
| Oklahoma | 153 | 47 | $9.8m | 26.2% | 0.3 |
| Arkansas | 144 | 43 | $9.5m | 32.3% | 0.5 |
| Wisconsin | 135 | 51 | $15m | 34.6% | 0.4 |
| Minnesota | 127 | 44 | $11m | 15.4% | 0.6 |
| Idaho | 104 | 54 | $12m | 18.2% | — |
| Louisiana | 102 | 26 | $6.4m | 44.9% | — |
| New Hampshire | 95 | 35 | $13m | 37.9% | — |
| Maine | 77 | 27 | $6.9m | 35.7% | — |
| Kansas | 73 | 23 | $5.0m | 29.4% | — |
| New Mexico | 72 | 21 | $5.1m | 27.6% | — |
| Delaware | 71 | 25 | $7.7m | 24.2% | — |
| Montana | 61 | 25 | $8.7m | 38.1% | — |
| Iowa | 60 | 21 | $3.2m | 22.2% | — |
| Mississippi | 54 | 18 | $3.4m | 40.0% | — |
| West Virginia | 49 | 21 | $3.2m | 25.0% | — |
| Nebraska | 44 | 16 | $5.3m | — | — |
| Rhode Island | 37 | 17 | $6.0m | — | — |
| Wyoming | 29 | 16 | $4.6m | — | — |
States with at least 25 applications. States with 100 or more link to the lender's page for that state.
Counties
| County | State | Applications | Originations | Amount | Denial rate |
|---|---|---|---|---|---|
| Los Angeles County | CA | 368 | 128 | $64m | 36.1% |
| Maricopa County | AZ | 317 | 110 | $36m | 23.4% |
| Clark County | NV | 217 | 74 | $25m | 19.4% |
| Riverside County | CA | 168 | 52 | $18m | 34.9% |
| San Diego County | CA | 127 | 52 | $26m | 27.4% |
| Dallas County | TX | 164 | 49 | $11m | 42.5% |
| Tarrant County | TX | 135 | 48 | $14m | 23.8% |
| Harris County | TX | 185 | 46 | $10m | 36.1% |
| Orange County | CA | 112 | 45 | $25m | 27.4% |
| Salt Lake County | UT | 101 | 44 | $14m | 21.4% |
| Cook County | IL | 167 | 42 | $9.6m | 44.0% |
| San Bernardino County | CA | 129 | 39 | $13m | 35.5% |
| Palm Beach County | FL | 118 | 36 | $14m | 35.7% |
| Sacramento County | CA | 87 | 34 | $11m | 24.4% |
| Miami-Dade County | FL | 145 | 33 | $9.8m | 48.4% |
| Broward County | FL | 142 | 31 | $9.1m | 43.6% |
| Pima County | AZ | 100 | 30 | $6.5m | 21.1% |
| Orange County | FL | 72 | 26 | $7.2m | 31.6% |
| Fulton County | GA | 75 | 25 | $7.2m | 38.1% |
| Allegheny County | PA | 51 | 25 | $4.6m | 19.4% |
| Bexar County | TX | 67 | 22 | $5.4m | 24.1% |
| Hillsborough County | FL | 93 | 21 | $7.5m | 36.4% |
| Jefferson County | CO | 65 | 20 | $7.3m | 20.0% |
| Contra Costa County | CA | 64 | 20 | $9.3m | 23.1% |
| Ocean County | NJ | 53 | 20 | $6.2m | 25.9% |
| Denton County | TX | 72 | 19 | $6.3m | 37.5% |
| Mecklenburg County | NC | 72 | 19 | $4.4m | 29.6% |
| Shelby County | TN | 60 | 19 | $3.8m | 38.7% |
| Adams County | CO | 53 | 19 | $5.4m | 32.1% |
| Collin County | TX | 79 | 18 | $7.3m | 35.7% |
Up to 30 counties with at least 50 applications, by originations.
VA-guaranteed loans by month
All VA loansPurchase
| Month | All | Purchase | Cash-out | IRRRL |
|---|---|---|---|---|
| Aug 2026 | 0 | 0 | 0 | 0 |
| Jul 2026 | 0 | 0 | 0 | 0 |
| Jun 2026 | 0 | 0 | 0 | 0 |
| May 2026 | 0 | 0 | 0 | 0 |
| Apr 2026 | 0 | 0 | 0 | 0 |
| Mar 2026 | 0 | 0 | 0 | 0 |
| Feb 2026 | 161 | 16 | 13 | 132 |
| Jan 2026 | 109 | 16 | 13 | 80 |
| Dec 2025 | 170 | 16 | 27 | 127 |
| Nov 2025 | 162 | 17 | 19 | 126 |
| Oct 2025 | 204 | 20 | 28 | 156 |
| Sep 2025 | 48 | 11 | 8 | 29 |
Fiscal-year totals (VA): FY2018 22,059,641 · FY2019 10,945,670 · FY2020 95,415,840 · FY2021 156,681,350 · FY2022 45,876,366 · FY2023 38,489,492 · FY2024 129,565,831 · FY2025 391,930,401. Matched to the VA lender name "PHH MORTGAGE CORPORATION"; VA counts loans by guarantee date, HMDA by application year, so the two series differ.
Questions and answers
How many mortgages did Phh Mortgage Corporation originate in 2024?
4,770 loans totalling $1.4bn, from 14,879 applications reported under HMDA. It also purchased 47,093 loans from other institutions, which are counted separately.
What is Phh Mortgage Corporation's denial rate and how does it compare?
30.6% of decided applications were denied in 2024, against 24.3% nationally and 24.8% in California. HMDA data alone cannot be used to determine whether a lender is complying with fair lending laws; the data do not include some legitimate credit risk considerations.
Which counties does Phh Mortgage Corporation lend in most?
By originations: Los Angeles County, CA (128), Maricopa County, AZ (110), Clark County, NV (74), Riverside County, CA (52) and San Diego County, CA (52).
What loan types does Phh Mortgage Corporation make?
Conventional 2,268, FHA 1,944, VA 558 and USDA 0 originations in 2024; by purpose, home purchase 423, home improvement 327, refinancing 1,910, cash-out refinancing 2,110 and other purpose 0.
What reasons did Phh Mortgage Corporation report for denials?
The first denial reason recorded most often was debt-to-income ratio (688), collateral (444) and insufficient cash (downpayment, closing costs) (379), as coded by the lender in its HMDA filing.
Where does this data come from?
From the 2024 public HMDA loan/application register published by the FFIEC and CFPB, with the lender's name from its HMDA transmittal sheet and VA loan volume from the Department of Veterans Affairs lender statistics. Cells under 25 applications are withheld.
Provenance
Source: Home Mortgage Disclosure Act public loan/application register for 2024 (trend years 2022, 2023, 2024) and transmittal sheets 2018–2024, published by the FFIEC and CFPB at ffiec.cfpb.gov, public domain; VA lender statistics from the Department of Veterans Affairs. Lender identity is the LEI and name on its transmittal sheet. This site was built 1 Oct 2026. Errors in processing are corrected at the next build; see corrections. Data through 1 Aug 2026.