Ocwen Financial Announces Closure Having Reverse Mortgage Approaches to To get Reverse Home loan Upkeep and REO Platforms

Ocwen Financial Announces Closure Having Reverse Mortgage Approaches to To get Reverse Home loan Upkeep and REO Platforms

West Hand Seashore, Fla., (Globe NEWSWIRE) — Ocwen Economic Corporation (NYSE: OCN) (“Ocwen” or even the “Company”), a prominent non-financial home loan servicer and you may originator, now announced one to the entirely-had part, PHH Home loan Enterprise (“PHH”), features complete the newest in the past established transaction that have Reverse Mortgage Choices, Inc. (“RMS”) and its particular father or mother, Mortgage Assets Government, LLC (“MAM”), to track down considerably all RMS contrary financial servicing program and all of the fresh a good collateral passion about RMS Actual Home Owned company, REO Management Solutions, LLC (“REO”).

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