PHH Corp. (PHH) Raises Mortgage Repurchase Facility from $1B to $1.5B
In a Form 8-K filing with the SEC, PHH Corp. (NYSE: PHH) today announced that it has amended its existing $1 billion committed mortgage repurchase facility. The new agreement raises the size of the mortgage repurchase facility to $1.5 billion and extends the expiry date from October 30, 2008 to June 25, 2009.
PHH Corporation, together with its subsidiaries, provides mortgage and fleet management outsourcing services.
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