Ocwen Acquires Mortgage Lender From WL Ross

04 Oct 2012

Ocwen Financial has acquired mortgage lender Homeward Residential Holdings from the private equity firm WL Ross in a deal that includes roughly $588 million in cash and $162 million in Ocwen convertible preferred stock.

Ocwen Financial has acquired mortgage lender Homeward Residential Holdings from the private equity firm WL Ross in a deal that includes roughly $588 million in cash and $162 million in Ocwen convertible preferred stock.

Click here to read the release from Ocwen Financial.

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