Items Tagged with 'Glen Messina'

ARTICLES

Activist shareholder urges PHH to create a separate vehicle for MSRs

The idea is to unlock hidden value, analysts say
An activist investor says PHH Corp. can unlock hidden value by launching a restructuring effort that on its face seems to mirror Nationstar's corporate structure. The idea is to form a separate entity that can hold PHH's mortgage servicing rights. So far market analysts are impressed with the plan.
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