Ocwen Financial completed its acquisition of PHH Corp. this week. Glen Messina was appointed as president and CEO of Ocwen as the $360 million cash transaction closed. He said the merger provides “a foundation to enable Ocwen to resume new business and growth activities to offset portfolio runoff.” New Penn Financial launched a non-qualified mortgage product last week that allows borrowers to qualify for a loan based on their assets. To qualify ... [Includes three briefs]