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What We're Reading: The Good Friday edition

Items Tagged with 'PHH Corp.'


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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Nationstar, Walter Investment better positioned for interest rate spikes

May 29, 2013
While it’s too early to claim interest rates will continue to move higher given previous run-ups and subsequent declines in the 10-year Treasury yield, certain business...
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PHH earnings show MSRs mix results

November 9, 2012
Mortgage servicer PHH Corp. [stock PHH] [/stock] posted a deeper loss than expected in the third quarter on fair value changes assigned to mortgage servicing rights,...
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