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TheStreet Open House

PHH Corp's CEO Discusses Q1 2012 Results - Earnings Call Transcript

PHH Corporation (PHH)

Q1 2012 Earnings Call

May 2, 2012 10:00 am ET

Executives

Glenn Messina – President and Chief Executive Officer

David Coles – Interim Executive Vice President and Chief Financial Officer

Robert Crowl – Executive Vice President

George Kilroy – Executive Vice President of Fleet

Smriti Popenoe – Chief Risk Officer and Interim President of Mortgage

Jim Ballan – Vice President of Investor Relations

John Erdmann – Vice President and Controller



Analysts

Richard Eckert – B. Riley & Co.

Paul Miller – FBR

Bose George – KBW

Henry Coffey – Sterne Agee

Jim Fowler – Harvest Capital

Joe Galzerano – Muzinich

Jordan Hymowitz – Philadelphia Financial

Michael Kim – CRT



Presentation



Operator

Good morning ladies and gentlemen. Welcome to the PHH Corporation first quarter 2012 earnings conference call. (Operator instructions)

Today’s call is also being webcast and recorded for replay purposes. The audio replay can be accessed either on the company’s Web site at www.phh.com/invest or by telephone at 719-457-0820 or 888-203-1112 using conference ID 4407247 beginning shortly after the conclusion of the call. It will be available until May 16, 2012. This access information is also described in the company’s earnings release and I will repeat it again at the end of our session.

At this time, Jim Ballan, Vice President of Investor Relations will proceed with the introductions.

Jim Ballan

Good morning and welcome to the PHH Corporation’s first quarter 2012 earnings conference call. Please note that statements made during this conference call include forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, as further described in slide three of our first quarter 2012 investor presentation of supplemental schedules. Such forward-looking statements represent only our current beliefs regarding future events and are not guarantees of performance or results.

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