Any rumblings?
5 replies (most recent on top)
Dbag, thanks for checking in! Nice day, short game giving me some headaches.
I retired years ago, shortly after Terry left. I'm probably old enough to be
your father (most likely had that shot in Margate back in the day wink, wink)
I still own some PHH and know quite a few people there, so my interest are
both monetary and personal. I'm hoping for the best for everyone involved,
including you Dickbag.
Just wanted to check in and see how ya did on the course...enjoy another week of uncertainty with your job douche bag.......So; 2 of your big wigs are stepping down in January (golden parachute), what happens next? Love always and forever, Dickbag xoxo
Class act, shit for brains. The last thing any bank needs is more compliance
headaches, which favors the PLS platform, agreed? Regulations have shut down
risk.I'm not saying this dynamic guarantees PHH survival, but it plays into
the business plan. The one negative I see is how horny management is to please the Street with the accelerated buy back plan, which means they are
plowing all excess $ into equity to engineer earnings, instead of growing/
fixing existing issues, ie. technology.Short yellow bus here to take me to
the club, 10AM tee time bitch. Anonymous26171 enjoy your day dickbag!
They aren't going to have any contracts to have to worry about; no 3rd parties, beyond possible Realogy partnerships will renew contracts. There are already players in this industry ramping up for the increased volume PHH has been able to hoard over the many years. Hard to call yourself a mortgage servicer when you have to clients to work on behalf of; Fred don't try to tell me that their own portfolio is enough to service and pay the bills.
Listen to the conference call?.............went well. Glen mentioned
keeping cost down, but he did not lean towards attrition like he did
in the past. The analyst on the call didn't bring it up, so it's not
on their minds. The pressing issue continues to be contracts that have
to be modified to reflect the new reality of compliance cost from Dodd-
Frank. Hope for a regime change in 2016 and it would take care of that.