Industry News

Cendant completes spin-off of mortgage arm

Enters mortgage venture with PHH Corp.
Published on Feb 1, 2005

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by CareyBot

Cendant has completed the spin-off of its mortgage and fleet management business by distributing 100 percent of its previously wholly-owned subsidiary PHH Corp., to its stockholders, the company said Monday. In addition, Cendant announced it has entered into a mortgage ...