Items Tagged with 'PHH Corp.'

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Bank of America to continue outsourcing Merrill Lynch mortgages to PHH

PHH, Bank of America announce extension of mortgage lending relationship
Under the terms of a new agreement between PHH Corp. and Bank of America, PHH will continue to provide mortgage origination services to Merrill Lynch clients. The agreement, which was announced Thursday, renews a deal between PHH and Bank of America that outsources the origination of Merrill Lynch’s mortgages to PHH.
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PHH posts another big loss in third quarter

Company driven deeper into the red
For the second quarter in a row, PHH Corp. posted a loss, driving the company deeper onto the negative side of the ledger for 2015. Much of the loss was due to setting aside millions for the legal and regulatory battles the company is facing.
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PHH Home Loans promotes Kevin McGarrity to Northeastern regional executive

Previously served as regional vice president
PHH Home Loans, a joint venture between PHH Mortgage and Realogy Holdings Corp, announced that the company promoted Kevin McGarrity into the role of regional executive for the Northeastern region. McGarrity most recently served as regional vice president of PHH Home Loans for New Jersey, Pennsylvania, Delaware and New York.
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PHH returns to profitability in first quarter

Reports 46% jump in mortgage applications
After a year of transition that saw PHH Corp. sell off its fleet management business and take a net loss from continuing operations of $191 million in 2014, PHH returned to profitability in the first quarter. How did PHH turn it around?
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Weak mortgage production drags PHH down again

Company posts loss of $59 million despite fleet business sale
On the positive side, the $27 million loss from the mortgage production segment was an improvement from the $60 million loss suffered by the segment in the first quarter of 2014. By contrast, though, the segment pulled in a profit of $44 million in the second quarter of 2013.
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Mortgage stocks sink with HW 30

Ellie Mae stands out, rises after acquiring MortgageCEO
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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