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PHH Corp. Layoffs

Messages relating to layoffs at PHH Corp. are presented below the company info.

PHH Corp.

Company information:

Industry/Area of Activity:
Industrial Transportation
Company Stock Ticker:
PHH
Stock traded at:
NYSE
Industry Code:
2777

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Posts regarding layoffs at PHH Corp.

Go to thread Anonymous52890, Friday 12/12/14 21:39:15 UTC

Is PHH being bought out?

Reply to this post | This thread: 36 views | No replies yet
Go to thread Anonymous52001, Monday 12/08/14 21:27:13 UTC

Does anyone know who will be hit first (area/department) and when it will go down?

Reply to this post | This thread: 35 views | No replies yet
Go to thread Anonymous50908, Monday 12/01/14 02:56:22 UTC

Bonuses

Any thoughts right now?
Reply to this post | This thread: 334 views | 2 replies
Go to thread Anonymous50873 (Servicing), Sunday 11/30/14 17:33:48 UTC

Here we go again!

We were told once again there will be layoffs in the first quarter of 2015. this time it will be leadership
Reply to this post | This thread: 359 views | 3 replies
Go to thread Anonymous1234 (Loss Mitigation), Wednesday 09/24/14 17:56:10 UTC

Loss Mitigation Case Manager

I've heard that NJ Loss Mitigation is downsizing with possible layoffs coming our way. Anyone else heard this? It wouldn't surprise me with all the HELL our department is put through.
Reply to this post | This thread: 1109 views | 4 replies
Go to thread Anonymous39743, Tuesday 09/23/14 01:56:53 UTC

What is happening in the Closing Dept at PHH Mortgage?

Anyone?
Reply to this post | This thread: 622 views | 1 reply
Go to thread Anonymous33598, Friday 09/05/14 12:23:12 UTC

Phh

Heard phh is going to start selling vacation packages on top of mortgage products. And validity here?
Reply to this post | This thread: 1307 views | 9 replies
Go to thread Anonymous32776 (Sales), Tuesday 09/02/14 21:59:58 UTC

7 sales consultants quit in Jax today

7 Jacksonville sales consultants voluntarily quit today, from both PLS and Merrill Lynch. Two weeks notice was given but they walked everyone out and won't be paying for those two weeks. This leaves Jax PLS at perhaps 7 consultants at most, and Merrill Lynch might be down to 30 at this point, with more looking for jobs now and likely waiting until the first of October to quit so they get paid that last month's commission.
Reply to this post | This thread: 656 views | 2 replies
Go to thread Anonymous31444, Thursday 08/28/14 16:31:34 UTC

Who's ready for popcorn??

I can't wait for bag of free popcorn
Reply to this post | This thread: 500 views | 3 replies
Go to thread Doom, Monday 08/25/14 10:22:45 UTC

Fear

How does it feel having Doom hanging over your head while getting paid less than your peers?
Reply to this post | This thread: 975 views | 9 replies
Go to thread Anonymous28892, Wednesday 08/20/14 18:40:32 UTC

More Layoffs

Mt. Laurel had more layoffs today. Does anyone know if more are expected?
Reply to this post | This thread: 818 views | 3 replies
Go to thread Anonymous27930, Friday 08/15/14 09:09:42 UTC

Free Popcorn today!

Who's excited with me?
Reply to this post | This thread: 336 views | 1 reply
Go to thread Anonymous27327, Tuesday 08/12/14 19:52:29 UTC

Any layoff news for Jax???

Reply to this post | This thread: 649 views | 3 replies
Go to thread Anonymous26095, Thursday 08/07/14 00:06:09 UTC

Layoffs coming......?

Any rumblings?
Reply to this post | This thread: 891 views | 5 replies
Go to thread Anonymous21595, Saturday 07/19/14 19:52:41 UTC

I don't care who you are; 16 Million has gotta hurt to pay out...

"A Superior Court jury in Yuba County awarded Phillip Linza $513,902 in damages and $15.7 million in punitive damages against PHH Mortgage Corporation." http://www.news10.net/story/news/local/auburn-grass-valley/2014/07/19/mortgage-modification-fraud-housing-trial/12876749/
Reply to this post | This thread: 899 views | 4 replies
Go to thread Anonymous21153, Thursday 07/17/14 02:33:24 UTC

So no popcorn on Friday?

What will I have to shrive for then? O, I know; maybe a khaki tote bag and a white folder with my name on it stating how much severance I might get? My fingers are crossed...
Reply to this post | This thread: 100 views | No replies yet
Go to thread Anonymous21104 (BRANDS), Wednesday 07/16/14 21:15:41 UTC

To Popcorn Boy...

Enough is enough Salomon you need to sit down & just be quiet. You have ran your mouth way too much and so you know, you are NOT & I repeat NOT immune. So stop and take this as a warning just stop! There is enough stress to go around & I'm pretty sure you don't need anymore than you already have. So let the next joke be on you as a payback coming your way.
Reply to this post | This thread: 136 views | 1 reply
Go to thread Anonymous20590 (LPC ), Sunday 07/13/14 20:25:48 UTC

Rumor is...

Layoffs this week; anyone been hearing the same?
Reply to this post | This thread: 1135 views | 6 replies
Go to thread Anonymous19076, Tuesday 07/08/14 04:45:09 UTC

Conference call countdown....

Is everybody ready?
Reply to this post | This thread: 798 views | 3 replies
Go to thread Anonymous17319, Thursday 07/03/14 03:26:17 UTC

New Boss?

I heard Glen Messina is selling is house in anticipation of his huge bonus from the sale of Fleet and leaving PHH before they close their doors for good. ML is on trial with Digital Risk in Florida and will not be renewing. They're also looking to have Keybank join Digital Risk as well.
Reply to this post | This thread: 1037 views | 4 replies
Go to thread Anonymous16681, Tuesday 07/01/14 18:31:07 UTC

More layoffs today!!!

It looks like there will be extra popcorn to go around. Nice!
Reply to this post | This thread: 1023 views | 9 replies
Go to thread Reppus! (POPCORN MAKER!), Thursday 06/26/14 15:57:53 UTC

Because they are staying in business; all but 2 clients will resign contracts after 3Q earnings call and company will be forced to stay open.

Reply to this post | This thread: 754 views | 4 replies
Go to thread Anonymous14338, Tuesday 06/24/14 18:00:01 UTC

Because they are going out of business; all but 2 clients will pull contracts after 3Q earnings call and company will be forced to close.

http://www.bizjournals.com/buffalo/news/2014/06/23/phh-has-not-yet-decided-on-new-amherst-location.html
Reply to this post | This thread: 660 views | 4 replies
Go to thread SUUUPER (Trowitagainstthewall), Friday 06/13/14 11:34:54 UTC

FREE POPPPPCOOORRRRN!

Another week, more FREE POPCORN!!!!...Please send some Popcorn out to the protester. Keep it in the family!
Reply to this post | This thread: 496 views | 3 replies
Go to thread Anonymous12183, Thursday 06/12/14 18:54:16 UTC

I hear she smells of canned meat and porridge.

Reply to this post | This thread: 248 views | 1 reply
Go to thread Anonymous12178, Thursday 06/12/14 17:46:32 UTC

Protester at PHH

There is a lady protesting PHH today at the Briggs entrance. Her sign says something like "PHH owes me money. PHH, where they treat you like family but order you to leave the building." She's been out there all day since before 8:30am.
Reply to this post | This thread: 447 views | 1 reply
Go to thread Anonymous11743, Friday 06/06/14 15:02:52 UTC

PHH NOW HIRING

Looking for 100 people for single point of contact positions
Reply to this post | This thread: 775 views | 3 replies
Go to thread Anonymous11740, Friday 06/06/14 14:36:07 UTC

Forget free popcorn we now get free puppies in bg 2!!!!!

Reply to this post | This thread: 121 views | No replies yet
Go to thread Anonymous11737, Friday 06/06/14 13:32:54 UTC

PHH Job Fair June, 2014 in Mt Laurel

Heard on the radio that PHH will be having a job fair on June 14, 2014 can anyone confirm this date? The commerical was on WURD 900. The commerical stated no experience required. Looking for people to work in Servicing etc.
Reply to this post | This thread: 341 views | 1 reply
Go to thread SUPER! (Throwitagainstwall), Thursday 06/05/14 17:26:07 UTC

One day away from FREE POPCORN! just saying

Reply to this post | This thread: 397 views | 3 replies
Go to thread Anonymous11459, Wednesday 06/04/14 15:24:43 UTC

So if the money is going to go back into the mortgage business, why were good people laid off?

http://www.streetinsider.com/Credit+Ratings/Moodys+Puts+PHH+Corp.+(PHH)+on+Watch+for+Downgrade+Following+Fleet+Deal/9552397.html "The sale of the Fleet Management business weakens the company's franchise strength and results in a more concentrated monoline business solely focused on residential mortgage banking. The mortgage business has significant reliance on the company's Realology, Merrill Lynch and Morgan Stanley relationships which account for more than 60% of origination volume. In selling the operationally and financially more stable and more profitable fleet business, PHH becomes a cyclical, low margin, lower franchise strength prime mortgage banking business. The company has indicated that it will use the sale proceeds to invest in its mortgage banking business, de-leverage its balance sheet, and return capital to shareholders. Nonetheless, it is likely that it will take several years before the company can reestablish acceptable levels of profitability. This is due in part to the low origination volumes and gain-on-sale margins that Moody's projects over the next several years. The company's mortgage business profitability has been constrained by a changing business mix in which its private label clients are electing to keep an increasing percentage of their mortgage originations. As a result, PHH is increasingly responsible for administering the mortgage origination and servicing process while its clients retain the more profitable mortgage and mortgage servicing assets. According to the company, approximately 75% of its private label mortgage contracts, or half of its mortgage originations, are currently unprofitable on a fully allocated basis."
Reply to this post | This thread: 602 views | 2 replies
Go to thread Anonymous11315, Tuesday 06/03/14 07:02:13 UTC

Can someone post info about ongoing layoffs?

I was let go earlier this year. Thank you!
Reply to this post | This thread: 673 views | 3 replies
Go to thread Anonymous10411, Wednesday 05/21/14 21:19:32 UTC

Does anyone know if more are expected throughout the company?

Reply to this post | This thread: 1098 views | 8 replies
Go to thread Anonymous10401, Wednesday 05/21/14 19:58:57 UTC

How many were affected in Servicing today?

Reply to this post | This thread: 773 views | 2 replies
Go to thread Anonymous10390, Wednesday 05/21/14 18:12:07 UTC

Layoffs today in Mt Laurel Servicing

Reply to this post | This thread: 595 views | 1 reply
Go to thread Anonymous10183, Sunday 05/18/14 00:47:22 UTC

Why are posts getting deleted?

Looks like posts pertaining to certain people have been deleted; that doesn't seem too fair for an open forum.
Reply to this post | This thread: 430 views | 1 reply
Go to thread Mortgage Processor (LPC), Wednesday 05/14/14 20:01:08 UTC

What is going on with Morgan Stanley?

Does anyone know what is happening with Morgan Stanley? I have heard rumors that the processors are getting into trouble for not having the ability to maintain a pipeline of 40 jumbo loans. What is up with that? That is tooo much. They are crazy if they think they can keep MS from finding out what is happening. NO OT allowed or very limited OT. Everyone is over capacity yet the company is forcing people to work without being paid. I am glad that I was moved away from Morgan and Merrill, I like my portfolio position quite fine. Harp loans are easy peasy!!!
Reply to this post | This thread: 447 views | 2 replies
Go to thread Sup (PLS), Monday 05/12/14 20:26:31 UTC

Free popcorn, just saying

Reply to this post | This thread: 551 views | 2 replies
Go to thread Anonymous9570, Saturday 05/10/14 22:09:14 UTC

Bye Bye Merrill Lynch

Heard the Merrill Lynch contract will NOT be renewed in 2015 and ALL business will shift to Bank of America once the current contract expires; heard this from my personal FA who attended a BofA's town hall a couple weeks ago. PHH will not even exist come next summer...there's that karma again!
Reply to this post | This thread: 1272 views | 10 replies
Go to thread Anonymous9449, Friday 05/09/14 20:20:11 UTC

Buffalo Closing by 2015

Anybody heard more about this?
Reply to this post | This thread: 851 views | 4 replies

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