In what will likely be one of its final quarterly earnings reports as an independent company, the parent of PHH Mortgage released scant details about its operational results — though losses continued.

First-quarter earnings data released Tuesday by Mount Laurel, New Jersey-based PHH Corp. indicate losses before income taxes were $26 million during the first-three months of 2018.

PHH cut its losses compared to the same-three months last year, when the total was $77 million. But losses widened from the final-three months of last year, when they were $7 million.


Source: Mortgage Daily