Ocwen Could Reap $400M from Mortgage Servicing Rights Sale

Ocwen Financial Corporation (NYSE: OCN) moved one step closer to finalizing a major servicing transfer deal with New Residential Investment Corp. (NYSE: NRZ), a transaction that could net $400 million for the beleaguered Ocwen. The West Palm Beach, Fla.-based originator and servicer announced a master agreement with New Residential, under which Ocwen will sell off […]