PHH Corporation sells GNMA MSR portfolio for $122 million and exit from private label servicing business
Clients PHH Corporation
Jones Day advised PHH Corporation regarding the sale of substantially all of its GNMA MSR portfolio to Lakeview Loan Servicing for $122 million. PHH also announced that it is initiating the exit from its private label servicing business.
In addition to M&A representation, Jones Day provided employee benefits and tax advice regarding this transaction.