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Home » Ocwen Dominates Subprime Servicing; Servicers Eye $300+ Billion in Transfers
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Ocwen Dominates Subprime Servicing; Servicers Eye $300+ Billion in Transfers

May 17, 2013
Boosted by acquisitions from Homeward Residential and Residential Capital, Ocwen Financial handled a whopping 33.7 percent share of the subprime mortgages outstanding at the end of the first quarter of 2013, according to a new ranking by Inside Nonconforming Markets. Three major special servicers are in negotiations to acquire more than $300 billion in unpaid principal balance of mortgage servicing each in the next year. While the servicers have broadened their focus to include ... [Includes one data chart]
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