Exhibit 99.1
PHH Corporation Reschedules Investor Call
Due to Winter Storm Warning
Mt. Laurel, NJ–February 9, 2010–PHH Corporation (NYSE:PHH) today announced that it has rescheduled the conference call to update investors on its transformation initiative due to the winter storm warning and blizzard conditions currently forecasted for the Northeastern U.S. The call, which was to be held on Wednesday, February 10, 2010 at 2:00 p.m. EST, has been rescheduled for Tuesday, February 16, 2010 at 10:00 a.m. EST since Monday, February 15 is the President’s Day holiday and the capital markets will be closed. The Company’s transformation initiative, which was discussed during its third quarter earnings call in November 2009, is centered on making PHH a more successful, more efficient and more customer-focused company.
Jerry Selitto, president and chief executive officer, will host the conference call, along with Sandra Bell, executive vice president and chief financial officer, Mark Danahy, executive vice president, mortgage, and George Kilroy, executive vice president, fleet. A question and answer session will follow.
Investors will be able to access presentation materials prior to the start of the conference call by visiting the Investor Relations page of PHH’s website atwww.phh.com on February 16, 2010. Investors may also request copies via fax by calling the investor hotline at 1-856-917-7405.
Interested investors may access the conference call by dialing 1-800-723-6604 or 1-785-830-7977, using the conference ID 1994502 ten minutes prior to the start time of 10:00 a.m. EST. The conference call will also be webcast atwww.phh.com. A replay will be available beginning shortly after the end of the call and continuing through March 3, 2010 by dialing 1-888-203-1112 or 1-719-457-0820, using conference ID 1994502 or by logging on to the company’s website.
About PHH Corporation
Headquartered in Mount Laurel, New Jersey, PHH Corporation is a leading outsource provider of mortgage and vehicle fleet management services. Its subsidiary, PHH Mortgage Corporation, is one of the top five retail originators of residential mortgages in the United States1, and its subsidiary, PHH Arval, is a leading fleet management services provider in the United States and Canada. For additional information about the company and its subsidiaries, please visit our website atwww.phh.com.
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| 1 | | Inside Mortgage Finance, Copyright 2010 |
Forward-Looking Statements
Statements in this press release that are not historical facts are forward-looking statements within the meaning of Section 27A of the Securities Act and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). These statements are subject to known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. You should understand that these statements are not guarantees of performance or results and are preliminary in nature. Statements preceded by, followed by or that otherwise include the words “believes”, “expects”, “anticipates”, “intends”, “projects”, “estimates”, “plans”, “may increase”, “may result”, “will result”, “may fluctuate” and similar expressions or future or conditional verbs such as “will”, “should”, “would”, “may” and “could” are generally forward-looking in nature and not historical facts.
You should consider the areas of risk described under the heading “Cautionary Note Regarding Forward-Looking Statements” and “Risk Factors” in our periodic reports filed with the Securities and Exchange Commission under the Exchange Act in connection with any forward-looking statements that may be made by us and our businesses generally. Except for our ongoing obligations to disclose material information under the federal securities laws, we undertake no obligation to release publicly any updates or revisions to any forward-looking statements, to report events or to report the occurrence of unanticipated events unless required by law.
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Contact Information:
Investors:
Nancy R. Kyle
856-917-4268
