Ocwen Financial Corporation, parent company to reverse mortgage lender Liberty Home Equity Solutions, is beginning to see its reorganization efforts steer the company back toward financial profitability, however it endured a loss in the third quarter of 2019 that is slightly higher than the recorded loss the same time one year prior, according to financial […]
A case levied against Ocwen Financial Corporation (NYSE: OCN) by the Consumer Financial Protection Bureau (CFPB) in 2017 has been dismissed by a federal judge in Florida, though the Bureau has the option to refile the case if it so chooses, according to a story in National Mortgage News. Originally filed by the Bureau in […]
Ocwen Financial Corporation (NYSE: OCN), parent company of Liberty Home Equity Solutions, recorded strong numbers in its reverse mortgage business in Q2 2019 in spite of the company’s larger aim to return to overall profitability, according to financial documents released this week and a Tuesday morning earnings call. “Our reverse lending business recorded pre-tax income […]
Ocwen Financial Corporation (NYSE: OCN) announced Monday that it has completed the final phase of transferring 1 million forward loans to a new servicing platform, and has consolidated its legal entity under a new name that reflects an acquisition the company made last year. The final phase of the company’s loan transfer process and transition […]
Ocwen Financial Corporation (NYSE: OCN), parent company of Liberty Home Equity Solutions, recorded strong numbers in its reverse mortgage business in spite of the company’s generally reduced financial performance in Q1 2019, according to financial documents released this week. “[Our] reverse lending business recorded pre-tax income of $24 million, which included $17 million of favorable […]
Ocwen Financial Corporation (NYSE: OCN), parent company of Liberty Home Equity Solutions, recorded fourth quarter and full year 2018 losses overall, but a continuing point of positivity in the midst of other business difficulties continues to be the company’s reverse mortgage division, according to financial statements released this week. The company also announced the launch […]
In recent reverse mortgage news, researchers revealed there’s no reason older Americans should be avoiding reverse mortgages, and a multi-state mortgage servicer was slapped with a lawsuit. The media also continued to shed a positive light on reverse mortgages this week. As a wrap up to your week, here’s a recap of the most-read RMD […]
Ocwen Financial Corportation (NYSE: OCN) said it is moving forward to close a deal to acquire Liberty Home Equity Solutions and sees growth potential through the new business channel, the company said in announcing earnings last week. Ocwen said it expects to close its acquisition of Liberty Reverse Home Equity Solutions in the next 30 […]
