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A second top executive at the troubled mortgage service provider Ocwen Financial Corp. is leaving the company. Ocwen’s CFO Michael Bourque plans to depart on June 22, according to a Securities.

CAMDEN – A stockholder has filed a proposed class-action suit that seeks to block the pending sale of PHH Corp. in Mount Laurel. Edward Lei of California contends a $360 million cash deal with.

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MOUNT LAUREL, N.J.–(BUSINESS WIRE)–PHH Corporation (NYSE: PHH) announced that it has entered into a definitive agreement in which Ocwen Financial Corporation (NYSE: OCN) will acquire all of the Company’s outstanding shares of common stock in an all cash transaction valued at $360 million, or $11.00 per fully-diluted share, representing a premium of 24% over the closing price of PHH’s.

Ocwen Financial Corporation Enters Into Definitive Agreement to Acquire PHH Corporation for $360 Million. New Jersey, the Company has been providing mortgage lending and servicing solutions. ocwen to acquire New Jersey mortgage servicing company for $360M. Reporter, South Florida Business Journal .

NEW YORK & WEST PALM BEACH, Fla.–(BUSINESS WIRE)–New Residential Investment Corp. (NYSE:NRZ, "New Residential") and ocwen financial corporation (nyse:ocn, "Ocwen") today announced the.