PHH posts another big loss in third quarter

PHH narrows loss in third quarter PHH Corp. , a Mount Laurel mortgage lender, reported a smaller third-quarter loss than a year earlier, as better profit margins on mortgage loans and higher volumes offset a bigger decline in the value of its mortgage-servicing rights.

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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. In the third quarter. will be lost to generics, post loss of patent exclusivity of Kuvan in late 2020.

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PHH posts another big loss in third quarter Net loss per share in the third quarter was the same as the prior-year period. While PacBio lost more money, it also issued additional shares through a public stock offering in June. The company ended the third quarter with cash, cash equivalents and.

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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 million in the third quarter of 2014.

Another quarter, another loss. Ocwen reported Tuesday that it posted a net loss of $41.1 million in the third quarter, a significant drop over last year, when the company lost $6.1 million in the.