PHH CORP is Added to the Bellwether Watch list.

0 Comments | M2 Presswire, March, 2007

M2 PRESSWIRE-15 March 2007-bellwetherreport.com: PHH CORP is Added to the Bellwether Watch list(C)1994-2007 M2 COMMUNICATIONS LTD RDATE:15032007 PHH CORP (NYSE:PHH) is Added to the Bellwether Watch list Two staples of modern life -- cars and houses -- come together at PHH. The company's operations consist of PHH Arval (fleet management services) and PHH Mortgage (origination and servicing of mortgage loans).

Fleet management accounts for more than two-thirds of sales. PHH Corporation was formed in 2005 when Cendant spun off its mortgage and fleet management businesses to focus on other operations. (In 2006 Cendant spun off its hotel and real estate businesses, sold its travel operations, and changed its name to Avis Budget Group to reflect its remaining...