Ocwen Financial Corp. announces purchase of PHH Corp. for $360 million cash, deal to be completed later in 2018
Nation: Ocwen Financial Corporation has announced it will purchase all outstanding shares of PHH Corporation, with the deal anticipated to close later in 2018.
PHH, via PHH Mortgage, is regarded as one of the largest subservicers for residential mortgages
in the United States.
Further details of the deal will be broadcast live at 8:30 a.m. EST Wednesday, Feb. 28, at http://shareholders.ocwen.com/investor-relations. Video of the broadcast will be available for 30 days, following the initial 2 hours after the Internet broadcast.
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