Ocwen Economic Announces Arrangement That have Contrary Financial Methods to And acquire Contrary Financial Repair Platform
Western Hand Coastline, Fla., (Globe NEWSWIRE) — Ocwen Financial Corporation (NYSE: OCN) (“Ocwen” or even the “Company”), the leading low-financial financial servicer and originator, today launched one their entirely-owned subsidiary, PHH Home loan Organization (“PHH”), have joined toward a binding agreement having Opposite Home loan Selection, Inc. (“RMS”) as well as mother, Home loan Property Administration, LLC (“MAM”), to find drastically all functions, possessions and you will staff of your own RMS contrary home loan servicing platform. MAM is actually a part out-of investment financing handled because of the Waterfall Investment Management, LLC (“Waterfall”).