Ocwen buys Homeward Residential from WL Ross

Mr. Ross had been serving as an Ocwen Board Observer since the company purchased homeward residential holdings, Inc. from WL Ross & Co. LLC, a private equity firm, in December 2012. William C. Erbey, Executive Chairman of Ocwen said, "I am delighted that Wilbur Ross has become a member of our Board of Directors. Mr.

In a bid to expand its operations, Ocwen Financial Corp. agreement to acquire Homeward Residential Holdings Inc. – an integrated mortgage firm with prime lending and mortgage servicing operations -.

Ocwen Financial Corp strengthened its hold on the residential mortgage servicing market with a $750 million deal to buy Residential Holdings Inc from private equity firm WL Ross & Co.

ATLANTA, Oct. 3, 2012 (GLOBE NEWSWIRE) — Ocwen Financial Corporation (NYSE:OCN) and private equity firm WL Ross & Co. LLC entered into an agreement today whereby Ocwen will acquire Homeward Residential Holdings, Inc., including its various residential mortgage loan servicing and origination operating subsidiaries, for approximately $588 million in cash and $162 million in Ocwen convertible.

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Fitch Ratings warned of a possible downgrade of Ocwen Financial (OCN) after the Atlanta company agreed to buy Homeward Residential Holdings from WL Ross & Co. Although Fitch views the deal as "strategically complementary to Ocwen’s current business model, there remain near-term integration and.

Ocwen Financial has agreed to pay $750m for a mortgage business owned by WL Ross & Co, the private equity group. The move is part of a trend of pure servicing companies bulking up to take on the.

Loan servicing company Ocwen Financial Corp. (OCN), said Wednesday it has agreed to acquire Homeward Residential Holdings Inc. from private equity firm WL Ross & Co.

Ross’ ties to Ocwen date back to October 2012, when the Atlanta-based company announced plans to acquire mortgage-servicing firm Homeward Residential Holdings from WL Ross & Co. for $766 million in cash and preferred stock.

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The third quarter was an exciting quarter for altisource. ocwen announced the acquisition of Homeward Residential from WL Ross & Company. The acquisition will bring growth for Ocwen and Altisource,

Recently, Ocwen announced a deal to acquire Homeward Residential Holdings Inc. from WL Ross & Co. LLC. Beside this. Ocwen currently retains a Zacks #2 Rank, which translates into a short-term Buy.

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