Tag Archives: PHH Corporation

Ocwen Financial Corporation, an Atlanta-based financial services holding company, today announced a definitive agreement under which Ocwen will acquire all of the outstanding shares of PHH Corporation, a mortgage ...

The Court of Appeals rehearing of the Consumer Financial Protection Bureau (CFPB) took place Wednesday to determine the constitutionality of CFPB’s leadership structure. Previously brought by PHH Corporation in October, the initial decision by the court determined the CFPB was, in fact, unconstitutional. Wednesday’s hearing was an “en banc” review, previously agreed upon in February.

Bank of America plans to terminate its mortgage origination services agreement with PHH Mortgage this coming spring.

After experiencing a $191 million loss from continuing operations for the 2014 year, PHH Corporation was able to make a complete turnaround for the first quarter. The company managed to wrap up Q1, ending March 31, 2015, with a net income of $21 million.