Following closing, shares of PHH
common stock will no longer be listed on the New York Stock Exchange.
On closing of the transaction, shares of PHH
common stock will cease to be listed on the New York Stock Exchange.
In court documents, PHH
cited Cordray's decision to override a portion of an administrative law judge's decision -- which stemmed from an appeal by PHH
on the original matter -- and his choice to inflate the original fine of $6 million to $109 million.
stated that it is planning to utilize the net proceeds from the sale to re-engineer its operations, support infrastructure and make selective growth investments in its Mortgage business, return capital to shareholders, and reduce its unsecured debt levels.
The 30-second, trade-show convention elevator speech a PHH
executive might give to the uninformed might go something like this: PHH
Corporation is a leading outsource provider of mortgage and vehicle fleet-management services.
Information about salvage vehicles is stored in PHH
's data warehouse, which insurance clients can now access through PHH
Each team has direct responsibility in its region for broker and appraiser recruitment, inventory inspections, network training and coordination," said Bruce Wallin, vice president and general manager of the PHH
Celini will succeed Leith Kaplan and assume the role of Chief Risk and Compliance Officer of PHH
Corporation, effective January 1, 2018.
In his new role, Sabbe will be responsible for overseeing the company's sales strategy as PHH
expands into the mortgage subservicing market segment.
15 February 2017 - US-based financial services company PHH