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Home » Store » News » Ocwen Grows Significantly with HomEq Purchase

Ocwen Grows Significantly with HomEq Purchase

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In a transaction that took nine months to negotiate, Ocwen Financial announced at the end of May that it will purchase subprime servicer HomEq from Barclays Capital. The transaction will make Ocwen the 4th-largest subprime servicer and the 15th-largest overall servicer in the industry, according to Inside Nonconforming Markets. The purchase follows Ocwen’s acquisition in May of $6.9 billion in subprime servicing from Saxon Mortgage. And Ocwen is not done growing...
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