Activist investors critique Zillow, Trulia deal

Activist investors critique Zillow, Trulia deal

Valuations skyrocket while earnings expectations have fallen

CoreLogic: Foreclosure inventory tumbles 35%

But don't celebrate just yet

4 factors weighing down housing in the second half of 2014

Will housing collapse?

Items Tagged with 'PHH Corp.'


Foreclosure fee investigation grows to 5 banks

Three more firms being investigated
May 29, 2014
As HousingWire readers were alerted last August, U.S. regulators are, in fact, expanding their investigation into different banks' charges connected with foreclosure actions.
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Amid discussion of mortgage business split, PHH posts $42 million loss

Company expects decision on its future in the 2nd quarter
May 7, 2014

PHH reported its first-quarter earnings for 2014, and the news was not promising for the company's future.

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Mortgage stocks sink with HW 30

Ellie Mae stands out, rises after acquiring MortgageCEO
January 16, 2014
The HW 30 – HousingWire’s exclusive list of mortgage finance stocks – sunk 0.27%, or 2.96 points, in Thursday trading, as several lending and servicing companies experienced disappointing declines. Still, one overachiever – Ellie Mae – stood out.
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Industry stocks see second straight day of gains

HW 30 up 1.6% as PHH, Trulia lead the way
January 15, 2014
Housing economy stocks notched their second straight day of gains as the HW 30 equity index (HW30) rose behind strong gains from PHH Corp. (PHH) and real estate search giant Trulia, Inc. (TRLA).
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PHH Mortgage settles NJ servicing investigation for $6.25M

State AG accused the servicer of misleading troubled homeowners
December 4, 2013
PHH Mortgage ends a servicing investigation launched by the New Jersey Attorney General by agreeing to pay a $6.25 million settlement.
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HW 30 falls across the board as political gridlock persists

PHH Corp. dives after significant rise
October 8, 2013
Political gridlock over how to handle the impending debt ceiling crunch and the funding of the U.S. government sent all three stock indices and the HW 30 into the red Tuesday as traders reacted to the ongoing gridlock in Washington D.C.
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Most HW 30 stocks plummet, while PHH rises on unit sale rumors

Q3 earnings expectations weaken
October 7, 2013
Housing stocks tied to the HW 30 index compiled by HousingWire experienced an abysmal trading day Monday as the government remained closed – and Fannie Mae released a report suggesting consumers on the housing side are a little more bearish.
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PHH Corp. is considering sale of mortgage, auto fleet units

October 7, 2013
More rumors are circulating about the future of lender and servicer PHH Corp. According to Reuters, the company is considering a plan to split up its mortgage and auto fleet leasing businesses, selling the units individually.
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IMA plans $140M MSR sale

Asset class remains attractive in today's rate environment
September 20, 2013
"It’s attractive massive outside capital that’s now being deployed to capitalize on the yield in the market," Interactive Mortgage Advisors managing director Tom Piercy said, when announcing the latest $140 million MSR sale under his firm's management.
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Activist shareholder urges PHH to create a separate vehicle for MSRs

The idea is to unlock hidden value, analysts say
September 20, 2013
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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