Technology

Latest Posts

PHH Warns on Debt Financing Pullback; Sale to GE, Blackstone in Doubt 

Sep 17, 2007By

PHH Corp., the nation’s 11th largest mortgage servicer according to National Mortgage News, warned today that its $1.8 billion sale to Blackstone and GE may collapse as numerous investment banks shy away from funding leveraged buyouts. PHH’s mortgage operations were to be bought by an affiliate of Blackstone, while GE planned to keep the company’s vehicle-leasing unit.

What's New?
Updated 4 minutes ago
manage feed