Items Tagged with 'PHH Corporation'

ARTICLES

  • Arc Home expands executive team

    Appointments position company to grow
    Arc Home recently announced the appointments of Richard Bradfield, Massimo Monaco and Leith Kaplan to executive leadership positions. Arc Home Director Thomas Durkin said the company is confident they have the right team to execute strategy and growth.
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  • Ocwen completes $360 million acquisition of PHH, Glen Messina takes over as CEO

    Former PHH CEO assumes leadership of newly combined company
    PHH Corp. is now officially part of Ocwen Financial, as Ocwen’s $360 million acquisition of PHH is now complete, the companies announced Thursday morning. But those aren’t the only big changes for Ocwen and PHH. In conjunction with the deal’s closing, former PHH CEO Glen Messina has officially taken over as president and CEO of Ocwen.
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  • Ocwen’s $360 million acquisition of PHH to close in days

    Deal gets thumbs-up from regulators, but NYDFS has some conditions
    Ocwen Financial’s $360 million acquisition of PHH Corp. is set to close within the next two weeks after approvals are received from all relevant regulatory agencies and governmental entities, the companies announced Friday morning. But the companies didn’t skate through the approval process totally unscathed. Finalizing the deal comes with some conditions from the New York Department of Financial Services, which has long been a thorn in Ocwen’s side.
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  • PHH adds Albert Celini as senior vice president, risk and compliance

    Will become chief risk and compliance officer on Jan. 1, 2018
    The management shakeup at PHH Corp. continued Monday when the company announced that it hired Albert Celini as senior vice president, risk and compliance. But Celini will only serve in the role for a little over a month. On Jan. 1, 2018, Celini will assume the role of chief risk and compliance officer, replacing Leith Kaplan, who will step down on Dec. 31, 2017.
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  • PHH promotes Madeline Flanagan to senior vice president and general counsel

    Replaces William Brown, who is stepping down as part of leadership changes
    PHH announced Monday that Madeline Flanagan will succeed William Brown as senior vice president and general counsel of PHH, effective Jan. 1, 2018. Brown is set to depart as part of series of leadership changes that included Robert Crowl replacing Glenn Messina as the company's president and CEO.
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  • Meet the new boss: Robert Crowl takes over at PHH

    Former chief operating officer replaces Glen Messina as president and CEO
    Three months ago, PHH unexpectedly announced that Glen Messina, the company’s president and CEO, would be stepping down this year after the company’s annual shareholder meeting. At the time, PHH said Robert Crowl, who previously served as the company’s executive vice president and chief operating officer, will be taking over for Messina. Now, it’s official.
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  • PHH finalizes sale of Freddie Mac mortgage servicing rights portfolio to New Residential

    Moves closer to complete sale of MSR portfolio
    At the end of last year, PHH announced that it planned to sell off its entire mortgage servicing rights portfolio in a massive deal with New Residential Investment. Now, that process is moving closer to being complete, as PHH disclosed Monday that it recently completed the sale of “substantially all” of its Freddie Mac MSR portfolio to New Residential.
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  • Court of Appeals set to hear landmark challenge to CFPB constitutionality

    D-Day for CFPB coming this week
    The Consumer Financial Protection Bureau’s moment of truth (in the courtroom, at least) is coming this week as the full Court of Appeals for the District of Columbia Circuit is set to rehear the landmark challenge to the agency’s constitutionality brought by PHH Corp. Here's a breakdown of the case and a view of what's coming next.
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  • Ocwen pulls a PHH: Asks court to declare CFPB unconstitutional, requests DOJ help

    Asks court for expedited decision on CFPB constitutionality
    Ocwen Financial is pulling a PHH. Just as PHH did recently, Ocwen is playing the unconstitutional card in its fight against the Consumer Financial Protection Bureau, asking the United States District Court for the Southern District of Florida to declare the CFPB unconstitutional and toss out the CFPB’s lawsuit against the company.
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  • PHH shakes up senior leadership, CEO Glen Messina departing

    Chief Financial Officer Robert Crowl tabbed as replacement
    Over the last few years, it’s been a two-pronged battle for PHH Corp. On one side, the company is locked in a legal war with the Consumer Financial Protection Bureau. On the other side, PHH’s business has undergone dramatic shifts. One of the few constants during this time of transition has been the company’s CEO, Glen Messina. But that’s not the case anymore.
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