PHH Corp. valuation attractive, says Sterne Agee Sterne Agee reports that a number of mortgage servicing rights units have been acquired recently, and that PHH is the only servicer trading below tangible book value. The firm thinks that PHH has a sum of the parts value of $26.30+ and it maintains a $26 price target and Buy rating on the shares.
News For PHH From The Last 14 Days
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Keefe Bruyette to host a conference Mortgage Finance Conference is being held in New York on June 4 with webcasted company presentations to begin at 8 am; not all company presentations may be webcasted. Webcast Link