PHH Corporation Provides Update Regarding its Private Label Business

Withdraws Previously Disclosed Earnings Guidance for Full-year 2016 MOUNT LAUREL, N.J.--(BUSINESS WIRE)--Apr. 11, 2016-- PHH Corporation (NYSE: PHH) ("PHH" or the "Company") announced today changes to certain of its Private Label client relationships. Merrill Lynch Home Loans, a division of Bank of America, National Association ("Merrill Lynch"), has indicated its intent to move the origination of new applications for certain mortgage loan products to its internal operations effective April 25, 2016, and has significantly reduced its volume forecast for the remainder of 2016. The Company......(read more)

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