From the board room to the C suites, mortgage firms are making executive changes. In addition, two companies made management changes in their wholesale divisions.
EJF Capital disclosed in a Schedule 13D filing that it intends to nominate two candidates to the board of directors of Mount Laurel, New Jersey-based PHH Corp.
PHH said in a March 9 statement that it maintains active dialogue with its investors, and its corporate governance committee will review EJF’s board candidates.
Source: Mortgage Daily