Ocwen finalizes acquisition of Homeward Residential

Kerri Ann Panchuk, Housing Wire Mortgage servicer Ocwen Financial Corp. ($35.75 0%) has finalized its acquisition of Homeward Residential Holdings Inc., a company organized by private equity firm WL Ross & Co. in 2007. In a securities filing, Ocwen said it paid $243 million plus the book value amount of Homeward and its subsidiaries, making the aggregate purchase amount reach $766 […]

New York regulator yet to approve Ocwen’s two recent deals

Reuters New York’s top state bank regulator is yet to approve Ocwen Financial Corp’s recent agreements to buy two mortgage servicing firms as a result of concerns about what it says are unfair loan practices, the Wall Street Journal reported. Ocwen recently struck deals to buy Homeward Residential Holdings Inc and the mortgage servicing unit […]

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