![MBA Newslink Logo](https://newslink.mba.org/wp-content/themes/mba-newslinks/assets/img/logos/mba-newslinks-child-page-logo.png)
PHH Losses $30M Due to MSR Valuation Adjustment
National Mortgage News, May 4, 2016–Finkelstein, Brad
PHH Corp. lost $30 million in the first quarter of 2016, as the company took a $10 million pretax reduction to the fair market value of its mortgage servicing rights.