M&A Deal Summary |
|
|---|---|
| Date | 2005-05-01 |
| Target | American Business Financial Services |
| Sector | Financial Services |
| Buyer(s) | Onity Group |
| Deal Type | Add-on Acquisition |
| Advisor(s) | SSG Capital Advisors (Financial) |
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| Category | Company |
|---|---|
| Founded | 1988 |
| Sector | Financial Services |
| Employees | 4,400 |
| Revenue | 1.1B USD (2023) |
Onity Group is a financial services company that specializes in mortgage servicing and origination. The Company has grown to become one of the largest mortgage servicers in the United States. Onity Group is committed to providing superior service and support to its customers, helping homeowners to achieve their financial goals and navigate the complex world of mortgage finance. Onity Group was founded in 1988 and is based in West Palm Beach, Florida.
| DEAL STATS | # |
|---|---|
| Overall | 1 of 4 |
| Sector (Financial Services) | 1 of 4 |
| Type (Add-on Acquisition) | 1 of 1 |
| State (Pennsylvania) | 1 of 1 |
| Country (United States) | 1 of 4 |
| Year (2005) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2007-03-20 |
Ocwen Structured Investments
West Palm Beach, Florida, United States Ocwen Structured Investments ('OSI') was formed to leverage the superior servicing capabilities of Ocwen Financial Corporation ('Ocwen') [NYSE: OCN] and to create value by investing in newly issued residential mortgage-backed securities where Ocwen will provide the servicing for the underlying mortgages. |
Buy | $300M |
