How Ocwen Plans to Rebuild Servicing Scale with PHH Deal

National Mortgage News, Feb. 28, 2018–Bonnie Sinnock (subscription)
Ocwen Financial Corp.’s $360 million acquisition of PHH Corp. presents an opportunity for the nonbank servicer to rebuild scale that’s been diminished by years of regulatory restrictions and the decline in distressed mortgage volume brought about by improvements in the overall housing market.