PHH posts another big loss in third quarter

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PHH Inc. reported a net loss of $148 million in the third quarter, much worse than last year’s loss of $8 million. A chunk of the losses are due to a negative fair value adjustment of PHH’s.

PHH said that its mortgage production segment posted a loss of $10 million in the third quarter, compared to a segment profit of $3 million in the second quarter of 2015 and a segment loss of $28.

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PHH posts another big loss in third quarter Schlumberger’s results were mixed as they beat the expectations of analysts but were generally worse than what the company had in the third quarter. The primary reason. which will likely prove.

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PHH announced Wednesday that it was posting a net loss attributable to PHH Corporation of $62 million, or $1.20 per basic share, in the second quarter. The loss was driven primarily by PHH setting.

Ocwen financial corp. (nyse:ocn), the parent company of Liberty Home Equity Solutions, reported a loss of $0.9 million in pre-tax reverse mortgage revenue during the third quarter of 2018, and executives are looking to new products to add to their offerings.