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.

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Ocwen Financial Corporation Enters Into Definitive Agreement to Acquire PHH Corporation for 0 million.. regional and community banks, and credit unions. Headquartered in Mount Laurel, New Jersey, the Company has been providing mortgage lending and servicing solutions since 1984.

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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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.

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Following the legal actions against the company, Piper Jaffray recommended traders short shares of REIT New Residential Investment Corp (NYSE: NRZ), which owns some of Ocwen’s servicing rights.

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.