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PHH (FRA:PQZ) Cash Receipts from Fees and Commissions


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What is PHH Cash Receipts from Fees and Commissions?

Cash Receipts from Fees and Commissions only applicable to companies reporting Cash Flow from Operations in direct method.


PHH (FRA:PQZ) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » PHH Corp (FRA:PQZ) » Definitions » Cash Receipts from Fees and Commissions
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PHH Corp originates and services residential mortgage loans in the United States. It operates in two segments namely Mortgage Production and Mortgage Servicing. The company generates revenue in three ways: through fees on mortgage loan initiation; by selling on the secondary market loans that it initiated; and by servicing loans. The company outsources its services to clients that include financial institutions and real estate brokers. It also generally retains the servicing rights on loans it has sold and acts as a subservicer on behalf of other clients that own serving rights. Servicing typically generates the most revenue for the company, but each of the three sources of income are substantial.