- American City Business Journals•2 days ago
Mortgage servicer PHH Corp. plans to lay off an unknown number of employees in Amherst by the end of the year. The layoffs stem from two issues: PHH has lost a portion of mortgage servicing business from HSBC Bank USA N.A. and, at the same time, it is shifting mortgage origination work currently conducted in Amherst to Florida. The company entered Western New York in 2013 when it began servicing HSBC’s mortgage processing operations.
- American City Business Journals•3 days ago
PHH Corp. has lost another large chunk of business that will eliminate almost 30 percent of its mortgage subservicing portfolio. HSBC has informed the Mount Laurel, New Jersey-based company that it has agreed to sell 139,000 mortgage loans currently serviced by PHH to a buyer that does not intend to retain it as subservicer. In a filing with the Securities and Exchange Commission, PHH said HSBC business amounts to about 29 percent of its subservicing portfolio units.
- Moody's•10 days agoUBS Bank USA -- Moody's assesses UBS Bank USA as an Above Average originator of prime jumbo residential mortgage loans
New York, August 18, 2016-- Moody's Investors Services has assessed UBS Bank USA as an' Above Average' originator of prime jumbo residential mortgage loans, based on several underlying components. In the ...
PHH Corporation (PHH)
NYSE - NYSE Real Time Price. Currency in USD
|Bid||14.59 x 5000|
|Ask||14.60 x 500|
|Day's Range||14.51 - 14.89|
|52wk Range||8.26 - 18.68|
|1y Target Est||N/A|
Trade prices are not sourced from all markets
|P/E Ratio (ttm)||-5.64|
|Avg Vol (3m)||537,742|
|Dividend & Yield||N/A (N/A)|