PHH Corporation (PHH) Sees Mortgage Production and Servicing Impacted in Q1
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On April 9 and 10, 2008, PHH Corporation (NYSE: PHH) will make presentations to certain investors in New York, New York.
In Today's 8-K filing, a copy of the presentation was listed. The company listed a Q1 update: "We expect that results for our Mortgage Production and Mortgage Servicing segments with be negatively impacted by mortgage market volatility during the first quarter 2008, including widening secondary mortgage market spreads to Treasury securities and less liquidity in the secondary mortgage market."
PHH Corporation (PHH) is an outsource provider of mortgage and fleet management services.[SM]
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