Monday, 18 October 2021 | The Latest Buzz for the Appraisal Industry

PHH Mortgage Buying Reverse Mortgage Solutions Inc.

Ocwen Financial Corp.’s PHH Mortgage subsidiary has entered into an agreement with Reverse Mortgage Solutions Inc. (RMS) and its parent, Mortgage Assets Management LLC (MAM), to acquire substantially all of the operations, assets and employees of the RMS reverse mortgage servicing platform.

The company will also acquire all of the outstanding equity interests in the RMS real estate owned business, REO Management Solutions LLC.

Under the terms of the agreement, subservicing contracts for the

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