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Status of Ocwen due to merger with PHH Mortgage On June 6, 2019 Ocwen Financial Corporation/Ocwen Loan Servicing is merging all loans that are currently serviced by Ocwen Loan Servicing into PHH Mortgage.
Ocwen Was Accused of Multiple Legal Violations After an in-depth investigation, the CFPB and state regulators found that Ocwen: Failed to promptly and accurately apply borrowers' loan payments. Failed to maintain accurate account statements.
On October 4, 2018 Ocwen Financial completed its acquisition of PHH Corporation and PHH is now a wholly owned subsidiary of Ocwen Financial Corp.
Ocwen settled with the State of Florida for $11 million in October 2020. The settlement was a result of the Florida attorney general suing Ocwen on accusations that it: Failed to credit customers with making on-time mortgage payments.
On October 4, 2018 Ocwen Financial completed its acquisition of PHH Corporation and PHH is now a wholly owned subsidiary of Ocwen Financial Corp.
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Ocwen Financial Intends to Close Its Acquisition of PHH Corporation on Thursday, October 4, 2018 Investors:Media:Stephen SwettJohn LovalloT: (203) 614-0141T: (917) 612-8419E: shareholderrelations@ocwen.comE: jlovallo@levick.com
Ocwen Financial Corporation (NYSE: OCN) is a leading non-bank mortgage servicer and originator providing solutions through its primary brands, PHH Mortgage and Liberty Reverse Mortgage. PHH Mortgage is one of the largest servicers in the country, focused on delivering a variety of servicing and lending programs.
All small balance commercial mortgage loans serviced on Ocwen Loan Servicing's (OLS) REALServicing system were transferred to Black Knight's LoanSphere MSP servicing system (in use at PHH as of June 2019).
Status of Ocwen due to merger with PHH Mortgage On June 6, 2019 Ocwen Financial Corporation/Ocwen Loan Servicing is merging all loans that are currently serviced by Ocwen Loan Servicing into PHH Mortgage.
All small balance commercial mortgage loans serviced on Ocwen Loan Servicing's (OLS) REALServicing system were transferred to Black Knight's LoanSphere MSP servicing system (in use at PHH as of June 2019).

ocwen short sale package