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Starting Amount
$
After
years
Dividend yield
%
Dividends reinvested
$
PHH Corporation
Type
Public
Traded as NYSE: PHH
Industry Financial services
Founded 1946
Headquarters 3000 Leadenhall Road
Mount Laurel, New Jersey
, U.S.
Key people
Glen A. Messina (CEO)
Robert B. Crowl (CFO)
Products Mortgage services
Mortgage loans
Revenue DecreaseUS$ 639 million (2014)
Operating income
Decrease US$ -284 million (2014)
Net income
Decrease US$ 87 million (2014)
Total assets Decrease US$ 4.296 billion (2014)
Total equity Decrease US$ 1,571 billion (2014)
Website PHH.com

The PHH Corporation is an American financial services corporation headquartered in Mount Laurel, New Jersey which provides mortgage services to some of the world's largest financial services firms. PHH is the biggest U.S. outsourcer of home loans, processes and originates mortgages on behalf of small banks and some of the world’s largest financial firms, including Morgan Stanley and HSBC Holdings Plc.

PHH was founded by Duane Peterson, Harley Howell and Richard Heather in 1946 in Mount Laurel, New Jersey and incorporated in 1953 as a Maryland corporation providing mortgage services, employee relocation services, fleet management services.

Between April 30, 1997 and February 1, 2005, PHH was a wholly owned subsidiary of Cendant Corporation (now known as Avis Budget Group) and its predecessors that provided mortgage banking services, facilitated employee relocations and provided vehicle fleet management and fuel card services.

On February 1, 2005, as a result of a Cendant spin-off, PHH began operating as an independent, publicly traded company under the stock symbol NYSE: PHH.

On July 1, 2014, all issued and outstanding equity interests in their Fleet Management Services business and related fleet entities were sold to Element Financial Corporation, for a purchase price of $1.4 billion. The Fleet business was focused on providing commercial fleet management services to corporate clients and government agencies throughout the U.S. and Canada which included fleet leasing services and additional services and products for vehicle maintenance, accident management, driver safety training and fuel cards. The transaction resulted in a $241 million net gain on sale reported on the 2014 Annual Report.

In November 2014, an Administrative law judge decided that PHH had paid illegal kickbacks in violation of the Real Estate Settlement Procedures Act by referring consumers to mortgage insurers who would pay a reinsurance premium to a PHH subsidiary, fining the company $6.5 million. PHH appealed to Consumer Financial Protection Bureau Director Richard Cordray, who on June 4, 2015, adopted a new reinterpretation broadening REPA, made a new finding that the statute of limitations did not apply to the CFPB, and ordered PHH to disgorge $109 million.

The United States Court of Appeals for the District of Columbia Circuit stayed Director Cordray’s decision in August, 2015. On October 11, 2016, the circuit court vacated and remanded Director Cordray’s decision, writing that “The CFPB’s order violated bedrock principles of due process”. Circuit Judge Brett Kavanaugh, joined by Senior Circuit Judge A. Raymond Randolph, made the additional finding that the unusual statute making the CFPB Director removable only for cause was unconstitutional, and the President of the United States can remove the Director at will, over a partial dissent by Circuit Judge Karen L. Henderson.

Investment goal date:
Dividends reinvested
PHH Corporation PHH report Q3 2017
Period
Date
Adjusted Actuals EPS
GAAP EPS
Q1 2018
2018-05-06
--
--
Q4 2017
2018-02-19
--
--
Q4 2017
2018-02-13
--
--
Q3 2017
2017-11-07
--
--
Q3 2017
2017-11-07
-1.1000
-1.1400
Q2 2017
2017-08-08
-0.8100
-0.8600
Q1 2017
2017-05-09
-0.5600
-1.2600
Q4 2016
2017-02-15
-1.7500
-2.4900
Q3 2016
2016-11-08
-0.5000
-0.5000
Q2 2016
2016-08-08
-0.2200
-0.2200
Q1 2016
2016-05-04
-0.5600
-0.5600
Q4 2015
2016-02-24
-0.9200
-0.9200
Q3 2015
2015-11-04
-0.8400
-0.8400
There is presents forecasts or rating agencies and recommendation for investors about this ticker
Funds
Fund Name
Ticker shares
Allianz Asset Management AG
5348554
BlackRock Fund Advisors
1644568
BlackRock Inc.
3411387
BlackRock Institutional Trust Company, N.A.
1408198
CARLSON CAPITAL L P
2002000
DIMENSIONAL FUND ADVISORS LP
3341735
EJF Capital LLC
5292329
EverPoint Asset Management, LLC
1173731
GLENVIEW CAPITAL MANAGEMENT LLC
4507439
HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC
2711710
Point72 Asset Management, L.P.
1765600
RENAISSANCE TECHNOLOGIES LLC
2095800
Silver Point Capital L.P.
5315900
STATE STREET CORP
1103895
Vanguard Group, Inc
4356728
Major Shareholders
Name Relationship
Total Shares
Holding stocks
BOSCIA JON A
0.0300% (19940)
PHH / SO /
PIZZI CHARLES P
0.0500% (28053)
BDN / PEI / PHH /
WETZEL CARROLL R
0.0500% (28196)
PHH /
EGAN JAMES O
0.0600% (34868)
NWY / PHH /
GIBBONS THOMAS P
0.0500% (31582)
BK / PHH /
SCOPIA FUND MANAGEMENT, LLC
6.5600% (3770011)
ACOR / ITRI / PHH /
CROWL ROBERT B
0.2100% (120129)
PHH /
Brown William F
0.1700% (99412)
PHH /
Kilroy George J
0.0200% (10477)
PHH /
Silver Point Capital L.P.
9.3200% (5353001)
Neuhauser James C
0.0100% (7942)
FBRC / PHH /
Loren Allan Z
0.0500% (30617)
PHH /
Parseghian Gregory J
0.0500% (26250)
PHH /
Reif Deborah M
0.0700% (40668)
PHH /
Messina Glen A.
0.5700% (327504)
PHH /
Bradfield Richard J.
0.0600% (33133)
PHH /
Tucker David E
0.0800% (45015)
PHH /
Carlin Jane D
0.0600% (34228)
AF / PHH / THG /
Bricker David M
0.0300% (20000)
PHH /
Ruggieri Kathryn M
0.0900% (53881)
PHH /
Zelissen Paul W
0.0600% (35009)
PHH /
Bogansky Michael R
0.0500% (27790)
PHH /
Kaplan Leith W
0.1100% (64400)
PHH /
Kaplan Leith W
0.1300% (74200)
PHH /
% ()