3 Conditions Before Ocwen and PHH are Clear to Close
National Mortgage News, Mar. 1, 2018–Bonnie Sinnock, Brad Finkelstein (subscription)
Ocwen Financial Corp.’s $360 million bid to buy PHH Corp. is intended to alleviate a multitude of regulatory and financial strains that have plagued both companies for years. But the deal also raises a number of questions for investors, borrowers and regulators.
