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

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

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While Ocwen will strengthen its ties to New Residential, acquiring PHH will also let it diversify its subservicing portfolio with the addition of other MSR owners. Likewise, New Residential is buying Shellpoint Partners, parent company of New Penn Financial. While there is a subservicing component to that deal, New Residential plans to.

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PHH Mortgage Pay Bill Online | MyBillCom.com Ocwen Financial Corporation and the NAACP Maryland State Conference recently hosted a "Help & Hope for Homeowners" event in Upper Marlboro, Md. to offer struggling Maryland homeowners the opportunity to receive in-person, individualized advice, and mortgage solutions to help them remain in t Read More

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.

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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.

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