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Items Tagged with 'PHH Corp.'


PHH returns to profitability in first quarter

Reports 46% jump in mortgage applications
Ben Lane
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
Ben Lane
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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Foreclosure fee investigation grows to 5 banks

Three more firms being investigated
Brena Swanson
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
Ben Lane

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
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
Paul Jackson
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
Kerri Ann Panchuk
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
Kerri Ann Panchuk
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
Kerri Ann Panchuk
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

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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