“We are pleased to be part of the Russell 2000® and Russell 3000® Indexes and believe this important milestone reflects the hard work of our global team to drive shareholder value, strong operating performance, improved profitability and growth that is exceeding our expectations,” said
Recent progress and achievements made by the Company include:
- Completed the refinancing of corporate debt maturities with 100% of corporate debt due after 2025.
- Completed transaction with funds managed by
Oaktree Capital Management, L.P. to operate mortgage servicing rights (“MSR”) investment joint venture,MSR Asset Vehicle LLC ; expected to add up to$60 billion of subservicing unpaid principal balance (“UPB”). - Entered into agreements with
Texas Capital Bank to acquire Correspondent Lending business and to purchase, in bulk, MSRs with a total UPB of approximately$14 billion . - Entered into an agreement with
AmeriHome Mortgage Company, LLC to purchase, in bulk, MSRs with a total UPB of approximately$47 billion . - Entered into an agreement with
Reverse Mortgage Solutions, Inc. (“RMS”) and its parent,Mortgage Assets Management, LLC , to acquire the RMS reverse mortgage servicing platform and real estate owned business.
Membership in the Russell 2000® Index means automatic inclusion in the broader Russell 3000® Index as well as in the appropriate growth and value style indexes. The Russell 3000® Index encompasses the 3,000 largest US-traded stocks primarily by objective, market-capitalization rankings and style attributes. Membership in these indexes is updated annually and remains in place for one year.
Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for active investment strategies. Approximately
For more information on the Russell indexes and the Russell indexes reconstitution, visit the FTSE Russell website.
About
About FTSE Russell
FTSE Russell is a global index leader that provides innovative benchmarking, analytics and data solutions for investors worldwide. FTSE Russell calculates thousands of indexes that measure and benchmark markets and asset classes in more than 70 countries, covering 98% of the investable market globally.
FTSE Russell index expertise and products are used extensively by institutional and retail investors globally. Approximately
A core set of universal principles guides FTSE Russell index design and management: a transparent rules-based methodology is informed by independent committees of leading market participants. FTSE Russell is focused on applying the highest industry standards in index design and governance and embraces the IOSCO Principles. FTSE Russell is also focused on index innovation and customer partnerships as it seeks to enhance the breadth, depth and reach of its offering.
FTSE Russell is wholly owned by London Stock Exchange Group. For more information, visit www.ftserussell.com.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements may be identified by a reference to a future period or by the use of forward-looking terminology and include statements regarding, among other things, Ocwen’s plans relating to its capital structure, business model, competitive position, market reach, visibility and growth potential. Forward-looking statements are typically identified by words such as “expect”, “believe”, “foresee”, “anticipate”, “intend”, “estimate”, “goal”, “strategy”, “plan” “target” and “project” or conditional verbs such as “will”, “may”, “should”, “could” or “would” or the negative of these terms, although not all forward-looking statements contain these words. Forward-looking statements by their nature address matters that are, to different degrees, uncertain. Readers should bear these factors in mind when considering such statements and should not place undue reliance on such statements.
Forward-looking statements involve a number of assumptions, risks and uncertainties that could cause actual results to differ materially. In the past, actual results have differed from those suggested by forward looking statements and this may happen again. Important factors that could cause actual results to differ materially from those suggested by the forward-looking statements include, but are not limited to, the Company’s ability to close the announced transactions with
FOR FURTHER INFORMATION CONTACT:
Investors: | Media: |
T: (856) 917-3190 | T: (856) 917-0066 |
E: shareholderrelations@ocwen.com | E: mediarelations@ocwen.com |
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