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PHH Reports 350% Gain in Core Earnings Despite Loss in Revenue
Aug 04, 2010[Update 1: clarifies PHH posted a loss in Q210] PHH Corporation [stock PHH][/stock], the private label outsourcer for the mortgage industry, announced Wednesday the company earned $28m in core earnings after tax, or $0.52 per share in Q210, up 350% from $8m in the first quarter and up 186% from $15m in the same quarter of 2009. Core earnings are presented as a supplement to quarterly earnings statement. It excludes fair value adjustments on Mortgage Serving and is not intended to substitute for GAAP earnings.
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Healthy Quarterly Reports from Homebuilders may be Short-Lived
Aug 04, 2010 -
Miami Home Sales Climb Sharply in June, Resales Leading the Way
Aug 02, 2010 -
Monday Morning Cup of Coffee
Aug 02, 2010 -
New CMBS Deals Under Construction as Market Continues to Deteriorate
Jul 27, 2010 -
Monday Morning Cup of Coffee
Jul 26, 2010 -
If HAMP Is a Band-Aid, HAFA’s an Exit Strategy
Jul 23, 2010 -
Economic Analysts Find Oil Spill Tanks Local Housing and Will Cost Thousands of Jobs
Jul 23, 2010 -
Monday Morning Cup of Coffee
Jul 19, 2010 -
Fitch Cites Success of Spec Building Strategy in Upgrade of DR Horton
Jul 06, 2010 -
Mortgage Banker Profits Per Origination Grow by 272% in a Year
Jun 29, 2010 -
Is May’s Home Sales Decline an Alarming Signal of What’s to Come?
Jun 22, 2010
