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

OCWEN CARES: Helping homeowners and communities is what we do. Ocwen Financial Corporation and its subsidiaries, PHH Mortgage and Liberty Home Equity Solutions, are committed to helping our customers save money, build equity and, most importantly, stay in their homes.

A second top executive at the troubled mortgage service provider Ocwen Financial Corp. is leaving the company. Ocwen’s CFO Michael Bourque plans to depart on June 22, according to a Securities.

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Whether you are looking to purchase a new home or refinance your current mortgage, PHH offers a wide variety of loan options, including conventional, VA and FHA. Talk with one of our experienced loan officers today to get started.

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.

The PHH Corporation is a large financial services company headquartered in Mount Laurel, New Jersey. PHH provides mortgage services to some of the world’s largest financial services firms. The company is is the biggest U.S. outsourcer of home loans, processes and originates mortgages on behalf of small banks and some of the world’s largest.

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Ocwen Financial Corporation (NYSE: OCN) on Tuesday announced a deal to purchase non-bank mortgage lender and servicer PHH Corp. (NYSE: PHH) for $360 million in cash. The combined company would have a servicing portfolio of 1.9 million loans with an unpaid principal balance (UPB) of $328 billion, the.

PHH to be Acquired by Ocwen Financial Corp. for $360M. N.J.–(BUSINESS WIRE)–PHH Corporation (NYSE: PHH) announced that it has entered into a definitive agreement in. New Jersey, the Company has been providing mortgage lending and servicing solutions since 1984 and is dedicated to.