A Match Made in Adversity? Ocwen Agrees to Buy PHH Corp. Can it Fly?
March 1, 2018
Ocwen Financial midweek agreed to buy PHH Corp. for roughly $360 million in cash, a deal that caught the market by surprise and has analysts and advisors wondering whether two money-losing lender/servicers can make a go of it in a tough origination market.
Some SWFs in other countries have extensive ownership interests in major corporations and sweep much of their profits into state coffers.
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