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Benzinga s Top Ratings Upgrades, Downgrades For June 30, 2021

Benzinga s Top Ratings Upgrades, Downgrades For June 30, 2021
benzinga.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from benzinga.com Daily Mail and Mail on Sunday newspapers.

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PHH Mortgage Buying Reverse Mortgage Solutions Inc

PHH Mortgage Buying Reverse Mortgage Solutions Inc
mortgageorb.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mortgageorb.com Daily Mail and Mail on Sunday newspapers.

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Ocwen Financial Announces Agreement With AmeriHome to

WEST PALM BEACH, Fla., May 24, 2021 (GLOBE NEWSWIRE) Ocwen Financial Corporation (NYSE: OCN) (“Ocwen” or the “Company”), a leading non-bank mortgage.

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Ocwen Doubling Down On PHH Mortgage s Loan Originations

Inman Connect Nonbank mortgage lender and servicer Ocwen Financial Corp. continues to pursue a strategy of building its loan servicing portfolio by growing the loan origination business of its subsidiary, PHH Mortgage. Ocwen last week announced that it’s acquired the correspondent lending business of Texas Capital Bank, a move that’s expected to roughly double PHH Mortgage’s correspondent lending business. The deal with Texas Capital Bank comes on the heels of a $498 million debt restructuring, and PHH Mortage’s recruitment of a new head of correspondent lending, Andy Peach, from rival Mr. Cooper. Ocwen CEO Glen Messina said in a statement that the moves “are major steps toward achieving our goal of adding at least $100 billion in new servicing in 2021.”

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CFPB s Next Stop Is Appeal As Ocwen Win Is Finalized In Fla

ADVERTISEMENT ADVERTISEMENT CFPB s Next Stop Is Appeal As Ocwen Win Is Finalized In Fla. Law360 (April 21, 2021, 8:19 PM EDT) A Florida federal judge on Wednesday entered final judgment for Ocwen Financial Corp. in a mortgage servicing misconduct suit brought by the Consumer Financial Protection Bureau, setting the stage for an appeal by the agency after its case was gutted last month. The move by U.S. District Judge Kenneth Marra frees the CFPB to challenge his March ruling that concluded the agency s long-running lawsuit against Ocwen and its subsidiaries was largely precluded by a 2014 national settlement concerning the company s mortgage servicing practices.

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