HECM

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Ocwen’s reverse mortgage business has stellar Q1 

May 07, 2019By

Ocwen Financial’s business didn’t fare so well in the first quarter of the year, but it seems its reverse mortgage business is doing just fine. Liberty Home Equity Solutions, the reverse mortgage division of Ocwen based in Rancho Cordova, California, boosted its parent company’s profits with a $24 million gain of pre-tax income in Q1 2019 – no small feat considering the HECM market’s staggeringly low volume as of late.

3d rendering of a row of luxury townhouses along a street

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