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Home » Ocwen Buys Some Time With New Residential Servicing Deal, But Doubts Remain About Who Will Fill the Void
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Ocwen Buys Some Time With New Residential Servicing Deal, But Doubts Remain About Who Will Fill the Void

May 4, 2017
Can the financially troubled and regulator-challenged Ocwen Financial survive? It’s not an unfair question given its most recent travails and this week’s news that it struck a $425.0 million transaction “in principle” to sell some of the cash flows on $117 billion in mostly non-agency servicing rights to New Residential Investment Corp. As the weekend approached, analysts that follow the company were speculating that Ocwen is going through what looks like a controlled liquidation, selling off assets – mostly the cash flow stream on its servicing portfolio – and buying time while it fights regulatory sanctions in 31 states. The company is...
News Inside Mortgage Finance Inside Nonconforming Markets Inside the CFPB Servicing Originations State Regulation
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