SHAREHOLDER ALERT: The Law Firm of Levi & Korsinsky, LLP Launches an Investigation into Possible Violations of Securities Laws by PHH Corporation

NEW YORK--(BUSINESS WIRE)--

Levi & Korsinsky has commenced an investigation on behalf of shareholders of PHH Corporation PHH concerning whether PHH Corporation and certain of its officers and/or directors have violated federal securities laws.

On August 6, 2015, PHH Corporation reported that it had received a subpoena from federal authorities relating to the Company's business practices, including origination and underwriting of FHA loans. The Company also reported that it has been notified by the NY Department of Financial Services that it intends to propose entering into a "consent order to close out pending examination of report findings." The Company had earlier announced that it would delay a share buyback program, and that it will take longer to return to profitability than previously forecast. Shares of PHH Corporation have fallen from a close of $24.09 per share on August 5, 2015 to a most recent close of just $16.46 on August 13, 2015. To obtain additional information about this investigation, go to:

http://zlk.9nl.com/phh-corporation-phh

or contact Joseph E. Levi, Esq. either via email at jlevi@zlk.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972.

Levi & Korsinsky is a national firm with offices in New York, New Jersey, Connecticut and Washington D.C. The firm's attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.

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