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PHH Corporation history
PHH Corporation company history timeline
The company originated in 1946, when Duane Peterson, Harley Howell, and Dick Heather formed a partnership to manage corporate automobile fleets.
By 1955 a Canadian branch had been formed.
The building of company headquarters in Hunt Valley, Maryland, began in 1972.
In 1980 the company purchased AllStar Petrol Card Ltd. of London.
In 1981 PHH International was formed to manage the company's European operations.
PHH signed about 100 new fleet clients in 1984, involving almost 50,000 vehicles.
Aviation management was showing a slight return on investment by 1985.
It acquired CashCard GmbH in 1987, thus moving into fuel management services in Germany.
PHH officials decided in 1990 to exit the facilities management services operations because the required investments of assets and time were too great.
Profits dipped slightly in the fiscal year that ended in April 1991, largely due to the worldwide recession.
The transaction resulted in a $241 million net gain on sale reported on the 2014 Annual Report.
On January 31, 2018, the en banc D.C. Circuit overturned the panel's constitutional decision and upheld the removal protections for the CFPB director.
As of October 4, 2018 the PHH Corporation was acquired by Ocwen Financial Corp for approximately $360 million.
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PHH Corporation competitors
Company Name  | Founded Date | Revenue | Employee Size | Job Openings |
|---|---|---|---|---|
| Wilmington Trust | 1985 | $1.1B | 2,672 | 34 |
| Gain Capital Holdings | 1999 | $742.8M | 801 | - |
| The Vanguard Group | 1975 | $6.9B | 17,600 | 157 |
| Primerica | 1977 | $602.0M | 2,104 | 167 |
| Stifel Financial | 1890 | $49.8M | 7,100 | 262 |
| FNB | 1864 | $1.3B | 4,101 | 221 |
| First Midwest Bank | 1940 | $548.3M | 2,074 | 1 |
| Prudential Retirement Insurance And Annuity Co | - | $57 | 41,671 | - |
| Urban Lending Solutions | 2002 | $300.0M | 1,500 | - |
| Action Mortgage LLC | - | $10.0M | 232 | - |
PHH Corporation history FAQs
Zippia gives an in-depth look into the details of PHH Corporation, including salaries, political affiliations, employee data, and more, in order to inform job seekers about PHH Corporation. The employee data is based on information from people who have self-reported their past or current employments at PHH Corporation. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by PHH Corporation. The data presented on this page does not represent the view of PHH Corporation and its employees or that of Zippia.
PHH Corporation may also be known as or be related to PHH CORP and PHH Corporation.