NEW YORK, Feb. 28, 2018 /PRNewswire/ — Rowley Law PLLC is
investigating potential claims against PHH Corporation (NYSE: PHH) and its board of directors for breach of fiduciary duty
concerning the proposed acquisition of the company by Ocwen Financial Corporation. Stockholders will receive $11.00 for each share of PHH Corporation stock that they hold. The transaction is valued at approximately
$360 million and is expected to close in the second half of 2018.

If you are a stockholder of PHH Corporation and are interested in obtaining additional information regarding this
investigation, please visit us at: http://www.rowleylawpllc.com/investigation/phh . You may also contact Shane Rowley,
Esq. at Rowley Law PLLC, 50 Main Street Suite 1000, White Plains, NY 10606, by email at
[email protected] , or by telephone at
914-400-1920 or 844-400-4643 (toll-free).

For more information, please visit www.stockhouse.com.