Ocwen Financial (OCN) completed the purchase of Liberty Home Equity Solutions from Genworth Financial (GNW). Liberty will continue to provide direct, wholesale and correspondent reverse mortgages.

"We are very excited to complete this transaction and become a part of one of the largest mortgage servicing and origination companies in the industry," said Pete Engelken, president of Liberty.

He added, "Together we will be able to help even more seniors with home equity retirement income solutions, including FHA and proprietary products."