reports
PHH Corporation Announces First Quarter 2018 Results
MOUNT LAUREL, N.J.--(BUSINESS WIRE)-- PHH Corporation (NYSE: PHH) (“PHH” or the “Company”) today announced financial results for the quarter ended March 31, 2018 and provided an update on the proposed merger with Ocwen Financial Corporation. For the quarter ended March 31, 2018, the Company reported Net loss attributable to PHH Corporation of $30 million or $0.92 per basic share. Net loss from continuing operations was $26 million or $0.80 per basic share. Robert B. Crowl, President and Chief Executive Officer of PHH Corporat...
PHH Corporation Announces First Quarter 2018 Earnings Release Date
MOUNT LAUREL, N.J.--(BUSINESS WIRE)-- PHH Corporation (NYSE: PHH) ("PHH" or the "Company") announced today plans to release its first quarter 2018 results on Tuesday, May 8, 2018, after the market closes. Due to the pending sale transaction with Ocwen Financial Corporation announced on February 27, 2018, the Company does not intend to host a conference call to discuss its first quarter 2018 results or make available an investor presentation with an appendix of supplemental schedules. About PHH Corporation ...
The Law Offices of Vincent Wong Reminds Investors of an Investigation ...
NEW YORK--(BUSINESS WIRE)-- The Law Offices of Vincent Wong are investigating the Board of Directors of PHH Corporation (“PHH” or the “Company”) (NYSE: PHH) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to Ocwen Financial Corporation (NYSE: OCN). Under the terms of the deal, PHH stockholders will receive $11 in cash for each share of PHH they own. The investigation concerns whether the PHH’s Board of Directors breached their fiduciary duties to PHH stockho...
PHH Corporation Receives Top Servicing Performance Rating from Fannie ...
MOUNT LAUREL, N.J.--(BUSINESS WIRE)-- PHH Corporation (NYSE: PHH) ("PHH" or the "Company") announced today that it was named a Fannie Mae Servicer Total Achievement and Rewards™ (STAR™) Performer for 2017. The STAR Program recognition is reserved for top performing servicers within one or more of three STAR Performer categories: General Servicing, Solution Delivery, and Timeline Management. For the 2017 STAR Program year, PHH Corporation received a STAR Performer recognition for the General Servicing and Timeline Management categories...
PHH CORPORATION INVESTOR ALERT by the Former Attorney General of Louis...
NEW ORLEANS--(BUSINESS WIRE)-- Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of PHH Corporation (“PHH” or the “Company”) (NYSE: PHH) to Ocwen Financial Corporation (NYSE: OCN). Under the terms of the proposed transaction, shareholders of PHH will receive only $11.00 in cash for each share of PHH that they own. KSF is seeking to determine whether this consideration and the process that led to it are adequate, or whether the consider...
The Law Offices of Vincent Wong Notifies Investors of an Investigation...
NEW YORK--(BUSINESS WIRE)-- The Law Offices of Vincent Wong are investigating the Board of Directors of PHH Corporation (“PHH” or the “Company”) (NYSE: PHH) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to Ocwen Financial Corporation (NYSE: OCN). Under the terms of the deal, PHH stockholders will receive $11 in cash for each share of PHH they own. The investigation concerns whether the PHH’s Board of Directors breached their fiduciary duties to PHH stockho...
Bragar Eagel & Squire, P.C. is Investigating the Board of Directors of...
NEW YORK--(BUSINESS WIRE)-- Bragar Eagel & Squire, P.C. is investigating potential claims on behalf of PHH Corporation (NYSE:PHH) stockholders concerning the proposed acquisition of the company by Ocwen Financial Corporation (NYSE:OCN). Our investigation concerns whether PHH’s board of directors failed to adequately shop the company and obtain the best possible value for its stockholders before entering into a definitive merger agreement with Ocwen. Under the terms of the agreement, PHH stockholders will receive $11.00 in cas...
INVESTOR ALERT: Levi & Korsinsky, LLP Reminds Investors of an Investig...
NEW YORK--(BUSINESS WIRE)-- The following statement is being issued by Levi & Korsinsky, LLP: To: All Persons or Entities who purchased PHH Corporation (“PHH” or the “Company”) (NYSE:PHH) stock prior to February 27, 2018. You are hereby notified that Levi & Korsinsky, LLP has commenced an investigation into the fairness of the sale of PHH to Ocwen Financial Corporation (NYSE: OCN) for $11 per share. To learn more about the action and your rights, go to: http://www.zlk.com/mna/phh-corporation ...
PHH CORPORATION SHAREHOLDER ALERT: Rigrodsky & Long, P.A. Announces In...
WILMINGTON, Del.--(BUSINESS WIRE)-- Rigrodsky & Long, P.A.: Do you own shares of PHH Corporation (NYSE: PHH)? Did you purchase any of your shares prior to February 27, 2018? Do you think the proposed buyout is fair? Do you want to discuss your rights? Rigrodsky & Long, P.A. announces that it is investigating potential legal claims against the board of directors of PHH Corporation (“PHH” or the “Company”) (NYSE: PHH) regarding possible breaches...
SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Investors of an Inve...
NEW YORK--(BUSINESS WIRE)-- The following statement is being issued by Levi & Korsinsky, LLP: To: All Persons or Entities who purchased PHH Corporation (“PHH” or the “Company”) (NYSE: PHH) stock prior to February 27, 2018. You are hereby notified that Levi & Korsinsky, LLP has commenced an investigation into the fairness of the sale of PHH to Ocwen Financial Corporation (NYSE: OCN) for $11 per share. To learn more about the action and your rights, go to: http://www.zlk.com/mna/phh-corporation ...
PHH Corporation Announces Fourth Quarter 2017 Results
MOUNT LAUREL, N.J.--(BUSINESS WIRE)-- PHH Corporation (NYSE: PHH): Highlights: Net loss attributable to PHH Corporation of $49 million or $1.49 per basic share, which includes a $30 million unfavorable impact from federal tax reform, $18 million of pre-tax operating losses related to PLS and $13 million pre-tax expenses related to Exit and disposal costs that were partially offset by $16 million of favorable pre-tax notable items. Entered into a definitive agreement for the sa...
PHH Corporation Enters Into Definitive Agreement to be Acquired by Ocw...
MOUNT LAUREL, N.J.--(BUSINESS WIRE)-- PHH Corporation (NYSE: PHH) ("PHH" or the "Company") today announced that it has entered into a definitive agreement in which Ocwen Financial Corporation (NYSE: OCN) (“Ocwen”) will acquire all of the Company’s outstanding shares of common stock in an all cash transaction valued at $360 million, or $11.00 per fully-diluted share, representing a premium of 24% over the closing price of PHH’s common stock of $8.84 on February 26, 2018. As part of the transaction, Ocwen will assume $119 million of PHH...
PHH Corporation Announces Fourth Quarter 2017 Earnings Release and Con...
MOUNT LAUREL, N.J.--(BUSINESS WIRE)-- PHH Corporation (NYSE: PHH) ("PHH" or the "Company") announced today plans to release its fourth quarter 2017 results on Tuesday, February 27, 2018, after the market closes. The Company will host a conference call at 10:00 a.m. (Eastern Time) on Wednesday, February 28, 2018, to discuss its fourth quarter 2017 results. All interested parties are welcome to participate. You can access the conference call by dialing (800) 239-9838 or (323) 794-2551 and using the conference ID 7092674 approxi...
PHH Corporation Comments on Decision Issued by D.C. Circuit Court of A...
MOUNT LAUREL, N.J.--(BUSINESS WIRE)-- PHH Corporation (NYSE: PHH) ("PHH" or the "Company") today issued the following statement in response to the decision issued on January 31, 2018 by the U.S. Court of Appeals for the D.C. Circuit. The en banc court reinstated the October 11, 2016 panel decision related to the RESPA issues, which included vacating the Consumer Financial Protection Bureau’s order imposing $109 million in disgorgement penalties, and remanded the matter for further proceedings based on the legal guidance of the Court. ...
PHH Corporation Comments on Settlement with Multi-State Mortgage Commi...
MOUNT LAUREL, N.J.--(BUSINESS WIRE)-- PHH Corporation (NYSE: PHH) ("PHH" or the "Company") today issued the following statement in conjunction with the settlement agreement and consent orders its wholly owned subsidiary, PHH Mortgage Corporation, has entered into with the Multi-State Mortgage Committee (“MMC”) and State Attorneys General. The settlement resolves and closes out findings related to legacy mortgage servicing activities occurring between January 1, 2009 and December 31, 2012 that were subject to a multi-state mortgage loa...
PHH Corporation Completes Sale of Certain Assets of PHH Home Loans Joi...
MOUNT LAUREL, N.J.--(BUSINESS WIRE)-- PHH Corporation (NYSE: PHH) ("PHH" or the "Company") today announced that it has completed the previously announced sale of certain assets of PHH Home Loans, LLC (“PHH Home Loans”) to Guaranteed Rate Affinity, LLC (“GRA”), a new joint venture established by Guaranteed Rate, Inc. (“Guaranteed Rate”) and Realogy Holdings Corp. (“Realogy”). Robert B. Crowl, President and CEO of PHH Corporation, said, “The completion of the sale of certain assets of our PHH Home Loans joint venture is an impo...
Albert Celini Joins PHH Corporation as Senior Vice President, Risk and...
MOUNT LAUREL, N.J.--(BUSINESS WIRE)-- PHH Corporation (NYSE: PHH) ("PHH" or the "Company") today announced that Albert Celini has joined the Company as Senior Vice President, Risk and Compliance. Celini will succeed Leith Kaplan and assume the role of Chief Risk and Compliance Officer of PHH Corporation, effective January 1, 2018. Kaplan, who has served as the Company’s Chief Risk and Compliance Officer since 2014, will continue to serve in this role through December 31, 2017. Celini will report to President and CEO Robert Crowl. ...
PHH Corporation Announces Third Quarter 2017 Results
MOUNT LAUREL, N.J.--(BUSINESS WIRE)-- PHH Corporation (NYSE: PHH) (“PHH” or the “Company”) today announced financial results for the quarter ended September 30, 2017. For the quarter ended September 30, 2017, the Company reported Net loss attributable to PHH Corporation of $55 million or $1.14 per basic share. Net loss attributable to PHH Corporation for the quarter ended September 30, 2016 was $27 million or $0.50 per basic share. Robert B. Crowl, President and CEO of PHH Corporation, said, "We continue to execute against ou...
Madeline Flanagan Named Senior Vice President and General Counsel of P...
MOUNT LAUREL, N.J.--(BUSINESS WIRE)-- PHH Corporation (NYSE: PHH) ("PHH" or the "Company") today announced that Madeline Flanagan will succeed William Brown as Senior Vice President and General Counsel of PHH Corporation, effective January 1, 2018. Flanagan has served as Senior Vice President and General Counsel of PHH Mortgage, the Company’s mortgage subsidiary, since 2012. The Company announced on March 30, 2017 certain management changes it expects to make prior to the end of 2017. These changes are part of its previously ...
PHH Corporation Announces Third Quarter 2017 Earnings Release and Conf...
MOUNT LAUREL, N.J.--(BUSINESS WIRE)-- PHH Corporation (NYSE: PHH) ("PHH" or the "Company") announced today plans to release its third quarter 2017 results on Tuesday, November 7, 2017, after the market closes. The Company will host a conference call at 10:00 a.m. (Eastern Time) on Wednesday, November 8, 2017, to discuss its third quarter 2017 results. All interested parties are welcome to participate. You can access the conference call by dialing (877) 340-7912 or (719) 457-2647 and using the conference ID 1816985 approximate...
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