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

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.

ATLANTA, Oct. 3, 2012 (GLOBE NEWSWIRE) — Ocwen Financial Corporation (NYSE:OCN) and private equity firm WL Ross & Co. LLC entered into an agreement today whereby Ocwen will acquire homeward residential holdings, Inc., including its various residential mortgage loan servicing and origination operating subsidiaries, for approximately $588 million in cash and $162 million in Ocwen convertible.

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NEW YORK & WEST PALM BEACH, Fla.–(BUSINESS WIRE)–New Residential Investment Corp. (NYSE:NRZ, "New Residential") and Ocwen Financial Corporation (NYSE:OCN, "Ocwen") today announced the.

Ocwen is a financial services holding company which, through its subsidiaries, originates and services mortgage loans. On a combined basis, as of December 31, 2017, the company would service 1.9 million loans with an unpaid principal balance of $328 billion and originate more than $3 billion of residential mortgage loans annually.

CAMDEN – A stockholder has filed a proposed class-action suit that seeks to block the pending sale of PHH Corp. in Mount Laurel. Edward Lei of California contends a $360 million cash deal with.

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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.

Ocwen to acquire New Jersey residential mortgage company PHH Corporation – South Florida Business Journal Ocwen Financial Corporation Completes Acquisition of PHH. – Ocwen is a financial services holding company which, through its subsidiaries, originates and services mortgage loans. On a combined basis, as of December 31, 2017, the company.

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