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PHH, a subsidiary of Ocwen Financial, says deal offers opportunity to grow its reverse subservicing portfolio.

CEO says stock is undervalued, sees opportunity to 'further diversify our business model.'

Unemployment rate slips to 3.4%, lowest since 1969.

After 2 weeks of increases, 30-year rate dipped to 6.39%.

Posts $411m loss in Q1, slight improvement from $493m in Q4, as CEO Jay Farner says goodbye.

Allows homeowners to draw funds backed by their home’s collateral.

Tells the Bill Simmons podcast, 'He doesn't like me, and I don't like him."

Net income rose 13.2% from Q4, but was down 47% from a year earlier.

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