PHH Corp. (PHH) Reports Q4 Loss Per Share of $1.86
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PHH Corporation Announces Fourth Quarter 2016 Results
February 15, 2017 5:06 PM ESTAnnounces Conclusions from its Evaluation of Strategic Alternatives
Highlights:
Net loss attributable to PHH Corporation of $133 million or $2.49 per basic share, which includes $73 million of pre-tax expenses related to notable items, a $55 million pre-tax unfavorable market-related fair value adjustment to our mortgage servicing rights (MSRs), net of derivatives related to MSRs and $41 million of pre-tax expenses related to PLS Exit and disposal costs. Entered into agreements to monetize certain MSR assets and our investment in the PHH Home Loans joint venture for total proceeds of up to $1.07... More