AccessMyLibrary provides FREE access to over 30 million articles from top publications available through your library.
Close
Create a link to this page
Copy and paste this link tag into your Web page or blog:
<a href="http://www.accessmylibrary.com/coms2/summary_0286-34846170_ITM" title="Facts and information about Hedging Hurts PHH's Results.">Hedging Hurts PHH's Results.</a>
Close
Set up an RSS feed that alerts you when new articles from Mortgage Servicing News are available.
Frequently asked questions about RSS feeds
Hedging Hurts PHH's Results.
Mount Laurel, NJ -- PHH Corp.'s mortgage production revenue jumped nearly 78% in the first quarter, but the company still lost money overall from its home loan business.
The company said that despite an increase in margins on conforming loans and beneficial accounting changes, PHH lost money due to declines in the value of adjustable-rate, "scratch and dent" and jumbo mortgage loans. Unfavorable hedge results related to mortgage loans held for sale and interest rate lock ...
Related articles from newspapers, magazines, journals, and more
For more facts and information, see all results
- Hedging Hurts PHH's Results.
- News wire article from: Mortgage Line July 18, 2008 700+ words
...were a drain on earnings. In the mortgage servicing segment, PHH generated $19 million...first quarter of last year. PHH's mortgage servicing loss was $16 million, reflecting...management activities related to the mortgage servicing rights. (c) 2008 Mortgage Servicing...
- Accounting for mortgage servicing rights.
- Magazine article from: The National Public Accountant Reynolds, Brian M. September 1, 1995 700+ words
...s SFAS No. 122, Accounting for Mortgage Servicing Rights, amending SFAS No. 65...reconsider the accounting treatment of mortgage servicing rights. The MBAA wanted the FASB...the accounting distinction between mortgage servicing rights chat are acquired through...
- CONSOLIDATION OF NATIONSBANK RESIDENTIAL MORTGAGE SERVICING PROCESSING...
- Press release article from: PR Newswire December 17, 1991 700+ words
...CONSOLIDATION OF NATIONSBANK RESIDENTIAL MORTGAGE SERVICING PROCESSING ACTIVITIES, AND THE PLANNED SALE OF MORTGAGE SERVICING UNIT ANNOUNCED CHARLOTTE, N...Consolidation of NationsBank residential mortgage servicing and processing activities, and...
- PNC'S CITIZENS FIDELITY BANK CLOSES ACQUISITION OF COWGER & MILLER MORTGAGE...
- Press release article from: PR Newswire June 8, 1992 700+ words
...ACQUISITION OF COWGER & MILLER MORTGAGE SERVICING PORTFOLIO PITTSBURGH, June 8 /PRNewswire...has closed its acquisition of the mortgage servicing portfolio of Cowger & Miller...by Citizens Fidelity Bank's PNC Mortgage Servicing Company. The acquired portfolio...
- PNC'S CITIZENS FIDELITY BANK SIGNS AGREEMENT TO ACQUIRE COWGER & MILLER...
- Press release article from: PR Newswire March 24, 1992 700+ words
...TO ACQUIRE COWGER & MILLER MORTGAGE SERVICING PORTFOLIO PITTSBURGH, March 24...definitive agreement to purchase the mortgage servicing portfolio of Cowger & Miller...will purchase a $1.5-billion mortgage servicing portfolio, consisting of approximately...
- Servicing profits and performance. (mortgage servicing)(Cover Story)
- Magazine article from: Mortgage Banking Oliver, Geoffrey McDonald, Laura June 1, 1997 700+ words
...1994. If you are trying to evaluate mortgage servicing performance, especially in terms...Standard No. 122, "Accounting for Mortgage Servicing Rights," companies evaluating their...on assets (after amortization of mortgage servicing rights) of 8.4 percent decreased...
- Mortgage servicing, appraisal reform bill clears House committee.(Briefing Book)
- Magazine article from: Mortgage Banking December 1, 2007 700+ words
...approved a bill designed to improve mortgage servicing standards and enhance real estate...filed, the Escrow, Appraisal and Mortgage Servicing Improvements Act (H.R. 3837...borrower protections by improving mortgage servicing practices and requiring escrows for...
- Accounting for originated mortgage servicing rights.
- Magazine article from: The Tax Adviser O'Connell, Frank J., Jr. September 1, 2001 700+ words
...purposes, the bank records originated mortgage servicing rights in accordance with Statement...by amortization of the originated mortgage servicing asset that had been created when...which the amounts received under a mortgage-servicing contract should be reported for tax...
- Hibernia to Sell Mortgage Servicing Portfolio, Will Continue to Originate...
- Press release article from: Business Wire August 19, 2004 700+ words
...billion third-party residential mortgage servicing portfolio to CitiMortgage, Inc...years have impacted the value of mortgage servicing rights and resulted in volatility in the mortgage servicing income stream for Hibernia and...
- The art of specialist mortgage servicing. (News).(mortgage processing services...
- Magazine article from: Australian Banking & Finance Tuttle, Patrick April 30, 2002 700+ words
...institutions. Driving the growing mortgage servicing sector are two major pillars which...operational abilities of servicers in the mortgage servicing industry. This evaluation process...whether in-house or outsourced mortgage servicing is more appropriate. Advocates of...
Source: HighBeam Research, Hedging Hurts PHH's Results.