TITLE

PHH Loss Shrinks; Credit Woes Persist

AUTHOR(S)
Berry, Kate
PUB. DATE
November 2009
SOURCE
American Banker;11/6/2009, Vol. 174 Issue F313, p11
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
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.
ACCESSION #
45016652

 

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