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Home » HLSS Buys Ocwen Servicing Fees, Will Issue ABS
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HLSS Buys Ocwen Servicing Fees, Will Issue ABS

January 18, 2013
Home Loan Servicing Solutions – an affiliate of Ocwen Financial – made some significant moves recently with an acquisition of rights to receive servicing fees on $34.6 billion in unpaid principal balance handled by Ocwen. And the company is set to issue a $750.0 million securitization backed by servicer advances. Near the end of December, HLSS announced that it acquired rights to receive servicing fees on nonprime mortgages. Ocwen will continue to service the mortgages, receive a monthly base fee ...
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