Ocwen to acquire New Jersey residential mortgage company PHH Corporation – South Florida Business Journal

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NEW YORK & west palm beach, Fla.–(BUSINESS WIRE)–New Residential Investment Corp. (NYSE:NRZ, "New Residential") and Ocwen Financial Corporation (NYSE:OCN, "Ocwen") today announced the.

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Ocwen Financial Corporation is a provider of residential and commercial mortgage loan servicing, special servicing, and asset management services, which has been described as "debt collectors, collecting monthly principal and interest from homeowners".Ocwen is headquartered in West Palm Beach, Florida, with additional offices in Addison, Texas, Orlando, Florida, Houston, Texas, Rancho Cordova.

Ocwen to acquire New jersey residential mortgage company PHH Corporation – South Florida Business Journal Ocwen Financial Corporation is a provider of residential and commercial mortgage loan servicing, special servicing, and asset management services, which has been described as "debt collectors, collecting monthly principal and interest.

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Ocwen to acquire New Jersey residential mortgage company PHH Corporation – South Florida Business journal ocwen financial corporation enters Into Definitive Agreement to Acquire PHH Corporation for $360 Million.. regional and community banks, and credit unions. headquartered in Mount Laurel, New Jersey, the Company has been providing mortgage.

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MOUNT LAUREL, N.J.–(BUSINESS WIRE)–PHH Corporation (NYSE: PHH) announced that it has entered into a definitive agreement in which Ocwen Financial Corporation (NYSE: OCN) will acquire all of the Company’s outstanding shares of common stock in an all cash transaction valued at $360 million, or $11.00 per fully-diluted share, representing a premium of 24% over the closing price of PHH’s.

Ocwen is a financial services holding company which, through its subsidiaries, originates and services mortgage loans. On a combined basis, as of December 31, 2017, the company would service 1.9 million loans with an unpaid principal balance of $328 billion and originate more than $3 billion of residential mortgage loans annually.

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