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A temporary worker for PHH Corp. potentially gained access to employees' personal information, including Social Security numbers and dates of birth, according to a letter from the company's chief executive.
May 15 -
Mortgage lender PHH has been scrambling to reassure investors of its funding and cash positions in the wake of an S&P downgrade and the departure of its former CEO, Jerome Selitto.
February 8 -
PHH Corp., the largest non-bank lender, abruptly replaced chief executive officer Jerome Selitto with chief operating officer Glen A. Messina on Wednesday, weeks after a failed bond offering and an S&P downgrade.
January 4
Mortgage firm PHH Corp. (PHH) is considering a plan to split and sell its mortgage and auto fleet leasing businesses, according to a Reuters
The Mount Laurel, N.J., company has been discussing the option of selling its businesses for the past few months, according to Reuters' sources. PHH even went so far as to approach mortgage servicers Nationstar Mortgage Holdings and Ocwen Financial Corp. to see if either would be interested in buying the mortgage unit, but neither attempt resulted in a deal, according to the sources.
PHH representatives did not immediately respond to calls seeking comment. Representatives at Nationstar and Ocwen also did not immediately respond to calls.
PHH
PHH, one of the largest non-bank mortgage lenders in the U.S., has since experienced a rocky few years. In 2012, it
Last month, activist investor Orange Capital LLC announced that it had acquired a 5% stake in PHH in a
