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Home » Store » Securitization » Concerns About Nonbank Servicers’ Growth Persist

Concerns About Nonbank Servicers’ Growth Persist

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Inside Nonconforming Markets

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Undisclosed third parties rejected a small portion of Ocwen Financial’s planned acquisition of mortgage servicing rights from OneWest Bank, according to a report this week from Fitch Ratings. The lack of approval on Ocwen’s MSR purchase was just the latest hurdle faced by nonbank servicers with plans to grow. Last year, Ocwen announced it planned to acquire a significant portion of MSRs from IndyMac Mortgage Services, a division of OneWest. Fitch said the acquisition ...
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