Ocwen improves overall reverse mortgage performance despite volume contraction

Ocwen Financial Corp., parent company of PHH Mortgage Corp. and Liberty Reverse Mortgage, reported an overall improvement in its business performance for the first quarter of 2024 — including better reverse mortgage performance attributed to servicing and higher gains on loans held for sale. Under generally accepted accounting principles (GAAP), Ocwen reported GAAP net income [...]read moreOcwen improves overall reverse mortgage performance despite volume contraction