Thieler Law Corp, member of the Investor Attorney Network, is investigating whether certain officers and directors of PHH Corporation (NYSE: PHH) violated securities laws in connection with certain financial statements.

The investigation seeks to discover if possible claims on behalf of purchasers of the securities of PHH Corporation (NYSE: PHH) concerning whether a series of statements by PHH Corporation regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

On August 6, 2015, PHH Corporation reported that it had received a subpoena from federal authorities relating to the Company’s business practices, including origination and underwriting of FHA loans. The Company also reported that it has been notified by the NY Department of Financial Services that it intends to propose entering into a “consent order to close out pending examination of report findings.” The Company had earlier announced that it would delay a share buyback program, and that it will take longer to return to profitability than previously forecast. Shares of PHH Corporation have fallen from a close of $24.09 per share on August 5, 2015 to a most recent close of just $16.46 on August 13, 2015.

Based in Mount Laurel, NJ and founded in 1946, PHH Corporation outsources mortgage banking services to financial institutions and real estate brokers in the United States.

If you purchased shares of PHH Corporation (NYSE: PHH) on or before August 6, 2015, you should contact Thieler Law Corp at mail@thielerlaw.com or call +1 (619) 377 - 4324.

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