Ocwen Completes the Acquisition of PHH Corporation

On October 4, 2018, Ocwen Financial Corporation completed the purchase of PHH Corporation, a mortgage platform with established servicing and origination recapture capabilities. PHH Mortgage Corporation is now a wholly-owned subsidiary of Ocwen and continues to operate as the PHH Mortgage Corporation.  

The close of this acquisition marks a new chapter in Ocwen’s history and creates a strong non-bank mortgage servicer, positioned for growth and better able to serve borrowers and investors.

For more information, please read the press release.

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