The merger agreement between real estate giant HFS Inc. and direct marketer CUC International Inc. could mean more opportunities for HFS' newly acquired mortgage unit.

Terrence Edwards, president and chief executive of the unit, PHH Mortgage, said in a phone interview Friday that the merger would present it with new relationships to explore. The Mount Laurel, N.J.-based unit specializes in affinity lending,

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.