PHH Corporation Company History Timeline

1946
The company originated in 1946, when Duane Peterson, Harley Howell, and Dick Heather formed a partnership to manage corporate automobile fleets.
1953
The idea was advanced at the time when postwar cars were just beginning to be produced, and the firm prospered. It was incorporated in 1953 as Peterson, Howell Heather.
1972
The building of company headquarters in Hunt Valley, Maryland, began in 1972.
1990
PHH officials decided in 1990 to exit the facilities management services operations because the required investments of assets and time were too great.
2014
The transaction resulted in a 241 million net gain on sale reported on the 2014 Annual Report.
2015
The United States Court of Appeals for the District of Columbia Circuit stayed Director Cordray's decision in August, 2015.
2018
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.
Founded
1946
Company Founded
Headquarters
Mount Laurel, NJ
Company Headquarter
Founders
Harley Howell,Duane Peterson,Richard Heather
Company Founders

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