PHH - PHH Corporation

YHD - YHD Delayed Price. Currency in USD
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  • Hedge Funds Are Dumping PHH Corporation (PHH)
    Insider Monkey

    Hedge Funds Are Dumping PHH Corporation (PHH)

    We know that hedge funds generate strong, risk-adjusted returns over the long run, therefore imitating the picks that they are collectively bullish on can be a profitable strategy for retail investors. With billions of dollars in assets, smart money investors have to conduct complex analyses, spend many resources and use tools that are not always […]

  • Ocwen closes $360M PHH acquisition
    American City Business Journals

    Ocwen closes $360M PHH acquisition

    Ocwen Financial Corp. has closed its previously announced $360 million acquisition of South Jersey mortgage company PHH Corp. The deal, announced Feb. 27, ends a rocky post-recession road for PHH, which delisted its stock from the New York Stock Exchange and becomes an Ocwen subsidiary. In 2017, the combined company originated more than $3 billion of residential mortgage loans including reverse mortgages.  In conjunction with the closing, former PHH CEO Glen Messina has become president and CEO of the combined company.

  • PHH, Ocwen to close $360 million deal Thursday morning
    American City Business Journals

    PHH, Ocwen to close $360 million deal Thursday morning

    The deal, announced in February, combines two mortgage companies that had been struggling with financial and regulatory issues in recent years.

  • Business Wire

    PHH Corporation Announces Closing Date for Proposed Merger with Ocwen Financial Corporation

    PHH Corporation announced today that it intends to close its proposed merger with Ocwen Financial Corporation prior to the market open on Thursday, October 4, 2018.

  • Business Wire

    PHH Corporation Provides Update on Proposed Merger with Ocwen Financial Corporation

    PHH Corporation (PHH) ("PHH" or the "Company") announced today an update on its proposed merger with Ocwen Financial Corporation (OCN) (“Ocwen”). PHH and Ocwen have been working diligently to meet all closing conditions to the merger, including obtaining the requisite consents from governmental agencies and state regulatory and licensing entities. As previously announced on February 27, 2018, if the merger is consummated, Ocwen will acquire all of the Company’s outstanding shares of common stock in an all cash transaction valued at approximately $360 million or $11.00 per fully diluted share.

  • Moody's

    PHH Mortgage Corporation -- Moody's Assigns an SQ3 to PHH Mortgage as a Servicer of Prime, Subprime, Second Lien and as a Special Servicer

    Moody's Investors Service ("Moody's") has assigned PHH Mortgage Corporation (PHH) a servicer quality assessment of SQ3 as a Primary Servicer of Prime, Subprime, Second Lien residential mortgage loans and as a Special Servicer. The assessment is based on the company's average collection, loss mitigation and foreclosure and REO timeline management, above average loan administration and below average servicing stability. PHH Corporation, through its subsidiary PHH Mortgage, is one of the largest sub-servicers of residential mortgages in the United States.

  • Moody's

    Ocwen Financial Corporation -- Moody's revises Ocwen's outlook to stable

    Moody's Investors Service, ("Moody's") revised the outlooks for Ocwen Financial Corporation and Ocwen Loan Servicing LLC to stable from negative, and affirmed Ocwen Financial Corporation's Caa1 corporate family rating and Caa2 senior unsecured rating, as well as Ocwen Loan Servicing LLC's B3 senior secured bank credit facility rating and Caa2 senior secured rating. Ocwen Loan Servicing LLC is a wholly-owned subsidiary of Ocwen Financial Corporation (together "Ocwen").