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Tag Archives: PHH

Glen Messina Takes Over as Ocwen CEO

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Ocwen Financial, which completed its acquisition of PHH Mortgage on Thursday also announced that Glen Messina would be taking over as the President and CEO of Ocwen. What are the synergies that this merged entity brings?

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Ocwen Ready to Close on PHH Acquisition

Ocwen announced that it is ready to close on its acquisition of PHH Corporation. Ocwen will acquire all outstanding shares of common stock of PHH for approximately $360 million in cash or $11 per diluted common share.

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Outlook Stable for PHH, Says Fitch Ratings

After giving a rating of RPS3 to PHH, the ratings agency said that the servicer’s merger with Ocwen would prove beneficial. Here are some other factors that led to the rating agency giving PHH a ‘Stable’ Outlook.

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PHH Names Chief Risk and Compliance Officer

PHH Corporation (PHH), headquartered in Mount Laurel, New Jersey announced that Albert Celini has joined the Company as SVP, Risk and Compliance. Celini will succeed Leith Kaplan and assume the role of Chief Risk and Compliance Officer of PHH Corporation, effective January 1, 2018.

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Ocwen Moves to Expedite CFPB Ruling

Ocwen has filed three motions against the CFPB in hopes of speeding up a Circuit Court of Appeals decision on the Bureau's constitutionality. The motions arrive on the back of a recent suit filed by the CFPB against Ocwen on April 21. The suit alleged Ocwen committed errors throughout the servicing process and improperly foreclosed on at least 1,000 homeowners.

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PHH Officially Exits Private Label Fulfillment

LenderLive Network LLC, a mortgage services provider, announced that it has completed its transaction with PHH Mortgage Corporation. LenderLive will now assume PHH’s private label fulfillment operations in Jacksonville, Florida.

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