PHH Corporation Announces Second Quarter 2018 Results
PHH (PHH)
Last phh earnings: 5/8 04:15 pm
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US:NYSE Investor Relations:
phh.com/invest
Company Research
Source: Business Wire
Provides Update on Proposed Merger with Ocwen Financial Corporation Highlights: Net loss attributable to PHH Corporation of $35 million, or $1.07 per basic share. Net loss from continuing operations was $37 million or $1.11 per basic share, which includes $4 million of unfavorable pre-tax notable items. Ended the second quarter of 2018 with cash and cash equivalents of $453 million and total PHH Corporation stockholders’ equity of $489 million. Our stockholders approved the proposed merger with Ocwen on June 11, 2018. Continued to make progress in obtaining the requisite approvals for the proposed merger with Ocwen from governmental agencies and state regulatory and licensing entities, and we are currently targeting closing the transaction in the third quarter of 2018. Our Total Servicing Portfolio was compri
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