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Tag Archives: Ocwen

Ocwen Drops $360 Million to Acquire PHH Corp

Ocwen Financial Corporation, an Atlanta-based financial services holding company, today announced a definitive agreement under which Ocwen will acquire all of the outstanding shares of PHH Corporation, a mortgage ...

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Ocwen to Host Miami Event in Summer of Help & Hope Series

As a part of its “Summer of Help & Hope” series, this Sunday, July 29, Ocwen Financial Corporation along with the National Association for the Advancement of Colored People (NAACP) and NID Housing Counseling Agency (NID) will host an event for Miami area homeowners who are currently struggling with their mortgage.

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CFPB: Ocwen Can’t Expedite Constitutionality Ruling

The Consumer Financial Protection Bureau (CFPB) has denied Ocwen Financial Corporations’s attempt to expedite a court ruling on the constitutionality of the Bureau. The CFPB said that the mortgage servicer shouldn’t get special treatment in the case, alleging it failed “every stage of the mortgage servicing process.” The CFPB attempted to block Ocwen’s expediting attempt by telling a Florida federal court to deny Ocwen’s attempt at fast-tracking its constitutional challenge against the agency’s structure.

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Ocwen Gets Good News; Shares Spike

Ocwen's shares are finally starting to recover since the CFPB and 21 states filed suit against it last month. Following an announcement that New Residential Corporation will acquire Ocwen's mortgage servicing rights, the company's stock rose 46 percent at one point, reaching $3.32 at its highest. Ocwen's shares had dropped more than 50 percent after April's legal allegations.

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Deadline for Shareholders to Pursue Claims Against Ocwen Looms

Tripp Levy PLLC announced on Monday that the deadline for investors to pursue their claim against Ocwen in the class action lawsuit is approaching. These investors seek to recover compensation damages caused by Ocwen’s violations of the Securities Exchange Act, and those that purchased shares of Ocwen during the period between May 11, 2015 and April 19, 2017 are encouraged to contact the firm soon.

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