West Hand Seashore, Fla., (Industry NEWSWIRE) — Ocwen Economic Corporation (NYSE: OCN) (“Ocwen” or perhaps the “Company”), a number one low-financial mortgage servicer and you will inventor, now launched one the wholly-owned subsidiary, PHH Home loan Company (“PHH”), features joined on an agreement that have Reverse Home loan Possibilities, Inc. (“RMS”) as well as mother or father, Home loan Assets Management, LLC (“MAM”), discover dramatically all the surgery, assets and you may professionals of your own RMS opposite mortgage repair platform. MAM are a subsidiary out of money financing treated from the Waterfall Advantage Administration, LLC (“Waterfall”). The business will also and acquire every outstanding guarantee appeal in the RMS A home Possessed providers, REO Management Selection, LLC (“REO”). Read more “Ocwen Monetary Announces Contract That have Opposite Home loan Approaches to And obtain Contrary Mortgage Servicing Platform”