-
Industry veteran Luke Hayden, who took over as president of PHH Mortgage less than two years ago, resigned from the firm this week to pursue what the company calls "other interests." Also departing is company treasurer Mark Johnson.
March 13 -
PHH Corp. reported a profit of $13 million in the fourth quarter, but posted a loss of $127 million for the full year.
February 7 -
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
PHH (PHH) of Mount Laurel, N.J., has hired Sun Bancorp's (SNBC) chief financial officer, Robert Crowl, for the same position.
Crowl
Crowl has 25 years of management and senior-level mortgage and banking experience and will be responsible for leading PHH's financial and reporting functions, the mortgage lender said Friday.
He joined Sun of Vineland, N.J., in March 2010 as CFO of the company and its Sun National Bank.
At Sun, Crowl helped to "restore balance sheet strength and position the company for growth through private and public capital raises, executing multiple problem loan sales, and launching a series of performance improvement initiatives," PHH said in a news release.
Prior to joining Sun, Crowl was an executive at the former National City Bank of Cleveland and served as chief operating officer of National City Mortgage from 2007 to 2009.
PHH has experienced several executive changes in recent months. Luke Hayden, who was president of PHH Mortgage for less than two years,
In January, the company said that its chief executive,
The lender reported in February a
