PHH Mortgage Corp Archives

Liberty Reverse parent completes rebrand to Onity Group

June 11, 2024 mpsingh No Comments Real estate completes, Group, Liberty, Liberty Reverse Mortgage, Ocwen Financial Corporation, Onity, Onity Group, Onity Mortgage, Parent, PHH Mortgage Corp, rebrand, Reverse

The parent company of top 10 reverse mortgage lender Liberty Reverse Mortgage has completed its shareholder-approved rebranding initiative, transforming the former Ocwen Financial Corp. into The Onity Group. The initiative has also transitioned the company’s New York Stock Exchange (NYSE) ticker symbol to “ONIT” as of the market opening on Monday. “Today marks the start [...]read moreLiberty Reverse parent completes rebrand to Onity Group

Liberty Reverse parent receives shareholder approval for rebranding

May 29, 2024 mpsingh No Comments Real estate approval, Liberty, Liberty Reverse Mortgage, Ocwen Financial Corporation, Onity Group, Onity Mortgage, Parent, PHH Mortgage Corp, Rebranding, Receives, Reverse, shareholder

Ocwen Financial Corp, the parent company of PHH Mortgage Corp. and its reverse mortgage subsidiary Liberty Reverse Mortgage, announced on Tuesday that its shareholders have approved the company’s planned rebranding initiative to Onity Group. The initial phase of the rebranding will first go into effect for the parent company on June 10 and will roll [...]read moreLiberty Reverse parent receives shareholder approval for rebranding

Reverse mortgage volume and HMBS issuance improve in April

May 10, 2024 mpsingh No Comments Real estate April, Finance of America, HMBS, improve, issuance, Longbridge Financial, Mortgage, Mutual of Omaha, New View Advisors, PHH Mortgage Corp, Reverse, Reverse Market Insight, Volume

The refi market continues to be anemic as higher rates are persisting, with refi volume dropping 3.4% compared to the prior month. Seven of the top nine lenders recorded gains in April, with Plaza Home Mortgage, Liberty Reverse Mortgage/PHH and Guild Mortgage standing out for their gains between 36% and 48%. When asked about whether [...]read moreReverse mortgage volume and HMBS issuance improve in April

Ocwen improves overall reverse mortgage performance despite volume contraction

May 3, 2024 mpsingh No Comments Real estate contraction, earnings, improves, Liberty Reverse Mortgage, Mortgage, Ocwen, Ocwen Financial Corporation, Onity Group, Onity Mortgage, performance, PHH Mortgage Corp, Reverse, Volume

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

Liberty Reverse parent Ocwen seeks to rebrand this year

April 4, 2024 mpsingh No Comments Real estate Liberty, Liberty Reverse Mortgage, Ocwen, Ocwen Financial Corporation, Parent, PHH Mortgage Corp, rebrand, Reverse, seeks, Year

Ocwen Financial Corp., the parent company of top five reverse mortgage lender Liberty Reverse Mortgage and PHH Mortgage Corp., announced on Wednesday that it is undergoing a rebranding effort and will be known as Onity Group Inc. This is according to a company spokesperson and a subsequent announcement issued on Wednesday. The only entity to [...]read moreLiberty Reverse parent Ocwen seeks to rebrand this year