Ocwen Transfers 1 Million Loans to New Platform, Finalizes Merger Details

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 […]

Liberty Parent Ocwen Records Strong Reverse Business in First Quarter

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 […]

Liberty Pilots Jumbo Product Amidst Strong Reverse Performance for Ocwen

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 […]

Friday Round-Up: Ocwen Gets Sued, Reverse Mortgage Research

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 to Close Liberty Reverse Deal, Sees Substantial Potential

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 […]