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In the News
PHH to Acquire Reverse Mortgage Solutions
PHH Mortgage, a wholly-owned subsidiary of Ocwen, has entered into an agreement with Reverse Mortgage Solutions Inc. (RMS) and its parent, Mortgage Assets Management LLC (MAM), to acquire substantially all of the operations, assets and employees of the RMS reverse mortgage servicing platform.
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Ocwen to buy $48B MSR package from AmeriHome
Ocwen’s subsidiary PHH Mortgage Corp. will acquire 178,000 loans sold to or securitized by Fannie Mae and Freddie Mac, boosting its overall total servicing portfolio by about 16%.
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How one mortgage servicing company is prioritizing home retention during economic uncertainty
Ocwen’s acquisition of PHH uniquely equipped the company for the fallout of COVID-19. President and CEO Glen Messina talks about the progress that’s been made in reshaping the mortgage servicer and originator, its evolving business model and its progress in turning around the company.
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LOLA OYEWOLE NAMED FINALIST FOR MREPORT 2020 WOMEN IN HOUSING AWARD
Congratulations to Lola Oyewole, VP of Human Resources and Chief Diversity and Inclusion Officer, for being named an MReport 2020 Women in Housing Award finalist for the Diversity & Inclusion Award!This award honors those who have successfully broken barriers and helped lead the charge in developing diverse workplace cultures by fostering inclusive and welcoming environments for people of every color, creed and gender to prosper and achieve over adversity.
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OCWEN FINANCIAL DELIVERS STRONG ORIGINATIONS RESULTS IN JULY AND AUGUST
Ocwen announces strong mortgage originations in July and August. The Company’s originations and servicing subsidiary, PHH Mortgage, originated approximately $2.5 billion of volume for the month of August, a 62% increase from the previous quarter and a 16X increase over the same period in 2019.
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