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

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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Ocwen to acquire New Jersey residential mortgage company PHH Corporation – South Florida Business Journal Ocwen Financial Corporation Completes Acquisition of PHH. – 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.

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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 · The Company believes that it has an outstanding sales and marketing team and has implemented an acquisition strategy based on seeking out opportunities to acquire new technologies, new techniques.

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.

 · With a current market value of approximately $3.8 billion under management and administration at March 31, 2017, the private wealth management division of Peapack-Gladstone Bank is one of the largest New Jersey-based trust company and asset managers, with offices in Bedminster, Morristown, Princeton and Teaneck, as well as a trust office in.

The business acquired by Ocwen Loan Servicing included the mortgage servicing rights and associated servicing advances of HomEq Servicing, as well as the servicing platform based in Sacramento, California and Raleigh, North Carolina.. We are a new company and our business model is untested. An investment in our ordinary shares involves.

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