Ocwen Financial Corporation (NYSE:OCN): Current price $36.07
The financial services holding firm announced Wednesday that it has finalized its acquisition of Liberty Home Equity Solutions from Genworth Financial. Liberty will continue to offer reverse mortgages through direct, wholesale and correspondent channels. Ocwen Chief Executive Ronald M. Faris commented that ”liberty is the industry leader in helping seniors secure their retirement with strong customer-service and superior quality. We believe this promising market offers enormous long-term growth potential, and this purchase positions Ocwen to capture that growth.”
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