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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 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: 1000 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: 563 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: 1236 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: 628 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: 473 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: 939 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: 800 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: 321 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: 632 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: 873 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: 877 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: 92 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: 118 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: 1113 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: 784 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: 1023 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: 1015 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: 741 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: 647 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: 482 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: 239 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: 433 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: 755 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: 111 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: 327 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: 386 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: 580 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: 655 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: 1087 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: 759 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: 585 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: 420 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: 430 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: 543 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: 1246 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: 827 views | 4 replies
Go to thread Anonymous9376, Friday 05/09/14 11:47:31 UTC

Things that make you go, hmmmmm

http://www.bizjournals.com/buffalo/news/2014/05/07/phh-mortgage-taking-second-look-at-amherst.html
Reply to this post | This thread: 197 views | No replies yet
Go to thread HSBC Channel (UW), Friday 05/09/14 04:35:18 UTC

HSBC site leader fired in Buffalo

Heard they fired the HSBC site leader, A transitioned HSBC VP. Any reason why?
Reply to this post | This thread: 725 views | 4 replies
Go to thread Anonymous8139, Friday 04/18/14 02:17:37 UTC

These people are insane

I guess volume is picking up again. I got a call wanting to know if I was intrested in interviewing for a position. Many years of service for the company and you had zero compassion walking me out the door (Sullivan and min couldn't even get that right). I'm not the only one who got a call. I hope people think long and hard if you go back. Let them feel what they did. Btw heard UBS is a hot mess. Perhaps next time they won't get rid of all the top preformers. Karma is great.
Reply to this post | This thread: 1338 views | 7 replies
Go to thread Anonymous8107, Thursday 04/17/14 19:11:44 UTC

No class action

Please do not contact attorney below as cannot form suit.
Reply to this post | This thread: 155 views | No replies yet

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