Liberty Mum or dad Facts Reverse Home finance loan Servicing Options Soon after RMS Acquisition

Ocwen Financial Company (NYSE: OCN), dad or mum company of leading reverse mortgage loan loan company Liberty Reverse House loan, recorded strong quantities in its reverse mortgage organization in Q2 2021 and specific some of what it ideas to do in the reverse mortgage loan business enterprise sector soon after its wholly-owned subsidiary PHH Home loan Corporation obtained the operations, personnel and assets of Reverse Home finance loan Options (RMS) from its earlier owner, Property finance loan Assets Administration, LLC (MAM).

This is in accordance to an earnings presentation of the company’s money success from the 2nd quarter of 2021, and an accompanying conference call by corporation management held on Thursday early morning. In addition to offering much more aspects about the acquisition of the RMS servicing system, the company also detailed that the in general reverse property finance loan quantity from Liberty is up just about 50% year-in excess

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