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

Following the legal actions against the company, Piper Jaffray recommended traders short shares of REIT New Residential Investment Corp (NYSE: NRZ), which owns some of Ocwen’s servicing rights.

Ocwen Financial Corporation Enters Into Definitive Agreement to Acquire PHH Corporation for $360 Million Combined company to service 1.9 million loans on a pro forma basis as of December 31, 2017 Accelerates Ocwen’s transition to an industry-leading servicing platform

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 Financial Corporation (NYSE: OCN) on Tuesday announced a deal to purchase non-bank mortgage lender and servicer PHH Corp. (NYSE: PHH) for $360 million in cash. The combined company would have a servicing portfolio of 1.9 million loans with an unpaid principal balance (UPB) of $328 billion, the.

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MOUNT LAUREL, N.J.–(BUSINESS WIRE)–PHH Corporation (NYSE: PHH) announced today an update on its proposed merger with Ocwen Financial Corporation (NYSE: OCN).PHH and Ocwen have been working diligently to meet all closing conditions to the merger, including obtaining the requisite consents from governmental agencies and state regulatory and licensing entities.

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Ocwen Loan Servicing Discharge and FDCPA Violations 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 CARES: Helping homeowners and communities is what we do. ocwen financial corporation and its subsidiaries, PHH Mortgage and Liberty Home Equity Solutions, are committed to helping our customers save money, build equity and, most importantly, stay in their homes.

CAMDEN – A stockholder has filed a proposed class-action suit that seeks to block the pending sale of PHH Corp. in Mount Laurel. Edward Lei of California contends a $360 million cash deal with.

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