PHH Corporation Comments on Settlement with New York State Department of Financial Services

MOUNT LAUREL, N.J.--(BUSINESS WIRE)--Nov. 9, 2016-- PHH Corporation (NYSE: PHH) ("PHH" or the "Company") today issued the following statement in conjunction with the agreement to settle certain matters regarding legacy mortgage servicing and origination activities of PHH Mortgage Corporation and PHH Home Loans, LLC, as applicable, with the New York State Department of Financial Services ("DFS"). "We have agreed to resolve concerns raised by the DFS arising from legacy servicing and origination examinations conducted between 2010 and 2014 in order to avoid the distraction and expense of......(read more)

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