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Stock Market & Financial Investment News

News Breaks
November 24, 2012
09:34 EDTPHHPHH Corp. shares can increase another 25%, Barron's says
PHH Corp. (PHH) should be looked at as a play on the housing market recovery, and analysts think the stock can rise another 25%, Barron's says. The company should continue to benefit from the outsourcing of mortgage banking, the paper argues. Reference Link
News For PHH From The Last 14 Days
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August 11, 2014
09:25 EDTPHHPHH Corp. management to meet with Sterne Agee
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August 8, 2014
09:52 EDTPHHPHH Corp. entereed into two separate accelerated share repurchase agreements
PHH Corporation entered into two separate accelerated share repurchase agreements to repurchase an aggregate of $200M of PHH’s common stock consisting of a collared accelerated share repurchase agreement with JPMorgan Chase Bank to repurchase $100M of the company’s common stock, and (an a uncollared accelerated share repurchase agreement with JPMorgan to repurchase $100M of PHH’s common stock. The ASR Agreements are part of PHH’s previously announced share repurchase programs. Under the terms of the ASR Agreements, PHH will make aggregate payments of $200M to JPMorgan on August 8 and on the initial share delivery date will receive from JP Morgan an initial delivery of approximately 80% of PHH’s common stock that is subject to the transaction based upon the stock price at the close of business on August 7, in respect of the Uncollared ASR Agreement and a minimum number of PHH’s common stock in respect of the Collared ASR Agreement.

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