Ocwen Financial Announces Closing With Reverse Mortgage Solutions to Acquire Reverse Mortgage Servicing and REO Platforms
Ocwen Financial Corporation, a leading non-bank mortgage servicer and originator, announced that its wholly-owned subsidiary, PHH Mortgage Corporation (“PHH”), has completed the previously announced transaction with Reverse Mortgage Solutions, Inc. (“RMS”) and its parent, Mortgage Assets Management, LLC (“MAM”), to acquire substantially all of the RMS reverse mortgage servicing platform......