Ocwen

Ocwen to Buy $78 Billion in Servicing Rights from OneWest 

Mortgage servicer Ocwen Financial Corp. (NYSE:OCN) announced in an 8-K filing last Thursday its plans to buy Pasadena, Calif.-based OneWest Bank’s mortgage servicing rights for $2.5 billion.   Ocwen, based in Atlanta, Ga., plans to buy $78 billion in unpaid principal balances of mortgage servicing rights using a combination of cash and available credit in […]