Список проголосовавших за комментарий " <table class="BriefingDataTable" border="0" cellspacing="0" cellpadding="0"><tr> <td class="tickerColumn"> </td> <td class="articleColumn">PHH Corp highlights from earnings slides — call starts at 10 AM (13.90 -0.10)<ul><li>Review of Next Steps:<ul><li>Shareholder approval for MSR sale to NRZ and PHH Home Loans transaction<ul><li>Targeting approval during second quarter 2017</li></ul></li><li>Close sale transactions for MSR and related advances<ul><li>Target closing of initial sale to NRZ in second quarter and final closing in the fourth quarter</li></ul></li><li>Monetize investment in PHH Home Loans Joint Venture<ul><li>Target interim closings beginning in June and final closing in the fourth quarter</li></ul></li><li><strong>Return of capital to shareholders</strong><ul><li><strong>Anticipated to begin after closing substantially all asset sales</strong></li></ul></li><li>Cost re-engineering and transition to PHH 2.0<ul><li>Intend to execute over the next 12 — 18 months</li></ul></li><li>Complete exit from PLS<ul><li>Expect to substantially complete by first quarter 2018</li><li>Estimated total cash operating losses and exit costs of $195 million to $220 million</li></ul></li></ul></li><li>PHH 2.0 <ul><li>Near-term profit outlook = Approaching break-even in 2018 and Profitable in 2019</li></ul></li><li>Key takeaways:<ul><li>Co intends to monetize a substantial amount of its assets for total proceeds of approximately $1.1 billion</li><li>Co has decided to exit unprofitable business lines</li><li>Co estimates up to $550 million of excess cash could be available after asset sales and meeting all cash requirements</li><li>Co has determined that dissolution of the business was suboptimal for shareholders</li><li>Co is transitioning to smaller, more focused, capital light business comprised of subservicing and portfolio retention («PHH 2.0»)</li><li>The co believes PHH 2.0 has the potential to earn low double-digit to mid-teen returns after achieving cost re-engineering and organic growth objectives</li><li>The co intends to begin to return substantially all of its excess cash to shareholders after closing substantially all of its asset sales</li></ul></li></ul></td> </tr></table>"