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Home » Store » Inside Mortgage Trends » Ocwen, Walter Tap Financing for ResCap MSRs

Ocwen, Walter Tap Financing for ResCap MSRs

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Inside Mortgage Trends

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An entity affiliated with Ocwen Financial and Walter Investment Management separately initiated financing schemes around the time the two companies joined to bid on the mortgage assets of the bankrupt Residential Capital. Ocwen and Walter last week won a ResCap auction with a joint bid of $3.0 billion, including $540.0 million from Walter. The companies noted that ResCap was servicing $374 billion in unpaid principal balance as of the end of the first quarter of 2012, including a significant amount of ...
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