December 28, 2016 / 10:11 PM / 9 months ago

BRIEF-PHH Corp to sell its non-GNMA mortgage servicing rights portfolio

Dec 28 (Reuters) - Phh Corp

* Press release - PHH Corporation announces sale and subservicing agreements for its entire non-GNMA mortgage servicing rights portfolio

* Total proceeds from sale are expected to be approximately $912 million

* PHH - entered into an agreement with new residential investment for sale of its entire portfolio of mortgage servicing rights, related servicing advances Source text for Eikon: Further company coverage:

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