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Volume 2018 - Number 5

March 9, 2018

Downloads Available: Top Subprime Mortgage Servicers - 4Q17 (15 servicers)

Ocwen to Bolster Business with PHH Purchase

Ocwen Financial plans to resume growing its servicing and originations business by acquiring PHH. The transaction is scheduled to close in the second half of this year. Ocwen plans to acquire PHH with $360.0 million in cash and assume $119.0 million of outstanding corporate debt. According to Ocwen, there will be enough cash on PHH’s balance sheet to fund $260.0 million of the $360.0 million purchase price. Both companies have been struggling ... [Includes one data chart]

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With loan volumes declining, does your shop have plans to enter the non-QM lending market in 2019?

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