Browsing Tag:ACQUIRE

ocwen-monetary-broadcasts-closing-with-reverse-mortgage-options-to-purchase-reverse-mortgage-servicing-and-reo-platforms
WEST PALM BEACH, Fla., October 4, 2021 (GLOBE NEWSWIRE) - Ocwen Financial Corporation (NYSE: OCN) (“Ocwen” or the “Company”), a leading non-bank mortgage servicer and lender, announced today that its wholly owned Subsidiary PHH Mortgage Corporation (“PHH”) has previously announced a transaction with Reverse Mortgage Solutions, Inc. (“RMS”) and its parent company Mortgage Assets Management, LLC (“MAM”) to acquire...
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ocwen-monetary-to-purchase-reverse-mortgage-servicing-platform
Ocwen Financial Corporation's wholly owned subsidiary, PHH Mortgage Corporation, has entered into an agreement with Reverse Mortgage Solutions and its parent company Mortgage Assets Management, LLC to acquire essentially all of the operations, assets and employees of the RMS Reverse Mortgage Servicing Platform.Under the terms of the agreement, the sub-servicing agreements for the reverse home mortgages currently under-managed by...
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