PHH Delays 10-K Filing for '06

PHH Corp., Mt. Laurel, N.J., says it is unable to file its Form 10-K for 2006 because it has not yet finalized its financial statements for the fourth quarter and full-year 2006.This comes on top of the company's failure to file its 10-Q forms for each of the first three quarters of this year. PHH had restated its earnings for the periods prior to 2005, and this occupied much of the auditors' time, the company said. The 2005 10-K was filed on Nov. 22, 2006. PHH Corp. is being sold, with its parts being split up and PHH Mortgage ending up with The Blackstone Group. In a filing with the Securities and Exchange Commission, PHH said it is "currently unable to provide an expected date for the filing of the 2006 Form 10-K." PHH can be found online at http://www.phh.com.