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Tag Archives: Ocwen Financial Corp

Ocwen May Gain a New Ally

In the midst of struggle between Ocwen Financial Corp and the Consumer Financial Protection Bureau, a Florida Judge has stated that The Department of Justice may shine some light on the case. The question now is whose side will the Department take?

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Housing Advocates Ask Regulators to Investigate Possible Pro-Foreclosure Campaigns

The letter, dated April 15, is addressed to Department of Treasury Secretary Jack Lew, Federal Housing Finance Agency Director Mel Watt, and Consumer Financial Protection Bureau Richard Cordray. Ten housing groups signed the letter, which asks the regulators to investigate the investors for allegedly attempting to push borrowers into foreclosure instead of steering them toward loss mitigation plans.

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Ocwen Announces Intention to Sell MSR Portfolio Worth $9.8 Billion to Nationstar

Ocwen Loan Servicing, a subsidiary of Ocwen Financial Corporation, intends to sell the mortgage servicing rights (MSR) on a portfolio of performing loans owned by Freddie Mac with a total principal balance of about $9.8 billion to Nationstar Mortgage, a subsidiary of Nationstar Mortgage Holdings, according to an announcement from Ocwen Financial on Monday morning. There are approximately 81,000 loans in the portfolio involved in the transaction, according to Ocwen's announcement.

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