Ocwen Economic Declares Amendment so you’re able to Elder Shielded Identity Mortgage
Freedom is amongst the nation’s prominent reverse lenders loyal so you can studies and bringing money that help consumers fulfill their personal and you can financial need
West Palm Coastline, Fla., (Business NEWSWIRE) — Ocwen Financial Firm (NYSE: OCN) (“Ocwen” and/or “Company”), the leading non-financial mortgage servicer and you can inventor, established now which have inserted for the an amendment to help you the Elder Secured Label Financing (“SSTL”) you to definitely extends the brand new readiness time to . Included in the exchange, the fresh outstanding balance of the SSTL try shorter out of $326 million in order to $2 hundred mil.
Glen A good. Messina, Chairman and you can Ceo out of Ocwen told you, “I am happy we signed to your modification and you can expansion away from our SSTL and wish to display my personal gratitude to your loan providers due to their assistance.