Ocwen Financial Corp.’s wholly-owned subsidiary, PHH Mortgage Corp., has completed the previously announced transaction with Reverse Mortgage Solutions Inc. (RMS) and its parent, Mortgage Assets Management LLC (MAM), to acquire substantially all of the RMS reverse mortgage servicing platform and all of the outstanding equity interests in the RMS Real Estate Owned business, REO Management Solutions LLC (REO). MAM is a subsidiary of investment funds managed by Waterfall Asset Management LLC.
Concurrent with the
