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Ocwen

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Ocwen to Buy $78 Billion in Servicing Rights from OneWest

Jun 17, 2013By

Mortgage servicer Ocwen Financial Corp. (NYSE:OCN) announced in an 8-K filing last Thursday its plans to buy Pasadena, Calif.-based OneWest Bank’s mortgage servicing rights for $2.5 billion.   Ocwen, based in Atlanta, Ga., plans to buy $78 billion in unpaid principal balances of mortgage servicing rights using a combination of cash and available credit in […]