Quantcast
Miscellaneous

PHH Deal Snags as Stockholder Vote Looms

SEP 17, 2007 7:22pm ET

MOUNT LAUREL, N.J. – Shares in PHH Corp. yesterday traded down 17% after private equity giant The Blackstone Group disclosed it was having trouble financing the buyout of the company’s mortgage business, the biggest mortgage bank for credit unions.

To continue, please sign in or subscribe
Free 14-Day
Trial
  • Online access to premium credit union content
  • Daily and weekly e-newsletters with top headlines
  • Learn why thousands of credit union professionals rely on Credit Union Journal
No credit card needed
Digital
Subscription
  • Access to our Credit Union Journal mobile app
  • Special reports providing the latest industry information
  • High-level perspective and insights on credit union strategies and tactics
Have an account?
SIGN IN HERE
Remember me