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Ocwen Acquiring PHH

Tuesday, February 27, 2018   (0 Comments)
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A deal has been reached for Ocwen Financial Corp. to acquire the parent of PHH Mortgage Corp. The merger is intended to bring more scale to Ocwen.


A news release late Tuesday from Ocwen indicated that it has reached a definitive agreement to acquire all outstanding shares of PHH Corp.


Both companies have been the target of various regulatory actions and have seen their mortgage servicing portfolios slashed over the past five years. [more]

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