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Home » Ocwen’s Departure from the Wholesale Channel Sparks Speculation About a Total Exit from Lending
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Ocwen’s Departure from the Wholesale Channel Sparks Speculation About a Total Exit from Lending

October 19, 2017
Ocwen Financial, which continues to work through an array of regulatory settlements, is shuttering its wholesale-broker division, a move that’s sparking speculation about its future as an originator. The strategy shift is curious on several fronts: the disclosure was buried at the bottom of a recent regulatory filing on state settlements; broker-wholesale production accounts for roughly half of the company’s originations; and management not too long ago expressed a desire to ...
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