Ocwen, Walter Make Waves With $3 billion ResCap Servicing Bid

Ocwen Loan Servicing, LLC, and Walter Investment Management Corp. were awarded the winning the bid for Residential Capital’s mortgage servicing and origination platform assets at auction this week. The bid, with a purchase price of $3 billion, is subject to documentation and Bankruptcy Court approval. With this acquisition, Ocwen will become at least the fifth-largest U.S. mortgage […]