PHH loses $46M as its shift to subservicing is nearly complete

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PHH will cut one-third of its local workforce in Amherst, New York, where it currently employs 294 people, according to an article in Buffalo Business First by Allissa Kline.

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Separate from its rulemaking activities, the CFPB has taken over RESPA enforcement from HUD and is investigating PHH to determine whether its captive mortgage reinsurance program complied with RESPA and other laws. Learn how the agency is enforcing existing RESPA rules and what might change going forward.

Our Management’s Discussion and Analysis of Financial Condition and Results of Operations is presented. to noncontrolling interest 59 25 28 net income (loss) attributable to PHH Corporation $ 34 $.

Ocwen Financial reduced the size of its net loss by nearly half during 2018 thanks to cost-cutting measures, and economies of scale from its acquisition of PHH Corp.

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