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Home » Store » Government-Insured Lending » Ocwen in Joint Venture to Securitize FHA Loans

Ocwen in Joint Venture to Securitize FHA Loans

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Government-Insured Lending

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Ocwen Financial Corp. and joint venture partner Altisource will soon be buying FHA-insured loans from lenders through a special vehicle, Correspondent One, for future securitization. In its second quarter filing with the Securities and Exchange Commission, Ocwen said it expects Correspondent One will be able to use its relationship with Lenders One to grow its volume substantially. “Correspondent One has seen significant, positive environmental changes in the correspondent lending market, [and] there has been a contraction in correspondent lending,” Ocwen said, alluding to ...
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