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Tag Archives: Ocwen

Ocwen Mortgage Mods Helped Thousands Avoid Foreclosure Last Year

Falling behind in payments doesn’t have to mean a borrower is doomed to lose their home. Lenders and servicers are often willing to work with the borrower to find options that allow the borrower to remain in their home while ...

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Ocwen Reports Losses for 2017

Ocwen Financial Corporation, an Atlanta-based financial services holding company, reported a net loss of $128.5 million for 2017, and a pre-tax loss of $45.3 million in Q4 alone. This comes the day after the announcement that Ocwen was purchasing PHH ...

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Ocwen Acquiring PHH Corporation for $360 Million

Ocwen Financial Corporation, an Atlanta-based financial services holding company, today announced a definitive agreement under which Ocwen will acquire all of the outstanding shares of PHH Corporation, a mortgage platform with established servicing and origination recapture capabilities, for approximately $360 ...

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Ocwen Resolutions Rise to 17, Exiting Wholesale Forward Lending

In April 2017, many state business regulators issued regulatory enforcement orders to subsidiaries of Ocwen, but now the company has reached with more than half and has announced the selling off of their wholesale forward lending business.

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Easing the Burden

Ocwen Financial Corporation released the results of its loan modification borrower assistance program for the first half of 2017, allows for a mortgage payment reduction of up to 20 percent to qualified borrowers, and an option for principal forgiveness.

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Ocwen on the Rebound

Ocwen looks to be on the rebound, according to its recently announced operating results for the second quarter of 2017, even though the company reported a loss.

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Ocwen to Host Miami Event in Summer of Help & Hope Series

As a part of its “Summer of Help & Hope” series, this Sunday, July 29, Ocwen Financial Corporation along with the National Association for the Advancement of Colored People (NAACP) and NID Housing Counseling Agency (NID) will host an event for Miami area homeowners who are currently struggling with their mortgage.

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