PHH Loss Shrinks; Credit Woes Persist

Berry, Kate
November 2009
American Banker;11/6/2009, Vol. 174 Issue F313, p11
Trade Publication
The article reports on the financial performance of PHH Corp. in third quarter 2009. PHH Corp., a mortgage outsourcing company, lost $52 million but this net loss is less than the previous year's loss of $84 million. Statistics are given for the goodwill impairment charge, revenue from its mortgage production unit, and losses in PHH's mortgage servicing.


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