Real estate and mortgage services provider has racked up $363M in cumulative losses and ended Q1 with $30.8M of cash and cash equivalents following debt restructuring
Investors bid up mortgage lender's price per share by 21% after company says deal with investor SB Northstar LP will improve its balance sheet and better position it for a return to profitability
After posting $33M in profit in 2024, PHH Mortgage's parent company said Thursday it will invest further in loan servicing and the originations tech that handles a majority of its customer inquires