Ocwen to Continue Shopping After Saxon Mortgage Buy

Finkle, Victoria
December 2011
Mortgage Servicing News;Dec2011, Vol. 15 Issue 12, p13
The article focuses on the purchase activities of specialty mortgage servicer Ocwen Financial Corp., based in West Palm Beach, Florida. It highlights the company's acquisition of Saxon Mortgage Services Inc. for 59.3 million U.S. dollars in addition to 1.4 billion servicing advances. It is inferred that the acquisitions are part of the servicer's expansion efforts through merger and acquisition. The company specializes in distressed and subprime loans.


Related Articles

  • Ocwen Remains Keen for Rivals' Unwanted Assets. Finkle, Victoria // American Banker;10/27/2011, Vol. 176 Issue 166, p7 

    The article focuses on Ocwen Financial Corp. The specialty mortgage servicer's expansion in the subprime sector, agreement to buy Saxon Mortgage Services Inc., and Ocwen Financial's strategy for consolidating the subprime mortgage industry are discussed. The deal for Saxon Mortgage which is...

  • Saxon Said to Have Sold Rights to Ocwen.  // American Banker;4/13/2010, Vol. 175 Issue 56, p7 

    The article reports that Ocwen Financial Corp. appears to have bought $6.9 billion of residential servicing rights from Saxon Mortgage in March, 2010.

  • Ocwen 1Q Profit Boosted by Deals. Browdie, Brian // American Banker;5/ 3/2013, Vol. 178 Issue F317, p11 

    The article looks at the financial performance of Ocwen Financial, a mortgage servicing company in Atlanta, Georgia that reported first-quarter 2013 earnings of $42.6 million. The article notes Ocwen Financial's income increased to $369 million and its expenses rose to $243.5 million. Ocwen's...

  • Plenty More MSRs Are Still Up for Grabs. Muolo, Paul // National Mortgage News;10/31/2011, Vol. 36 Issue 7, p3 

    The article reports that investors still have the opportunity to bid for the 195 billion dollars of mortgage servicing rights (MSRs) portfolio from Aurora Loan Services LLC, Bank of America Corp. and HSBC Ltd., despite losing the bid on Saxon Mortgage Services Inc.

  • Shared-Upside Loan Mods Serve Ocwen's Interests. Berry, Kate // American Banker;7/28/2011, Vol. 176 Issue 116, p10 

    The article discusses Ocwen Financial Corp., the growth of its mortgage servicing portfolio, the company's shared-appreciation loan modifications program, and write-offs for defaults.

  • Ocwen's Unusual Loan Mods Easing Its Own Burden. Berry, Katy // Mortgage Servicing News;Sep2011, Vol. 15 Issue 9, p24 

    The article reports on the move of the residential and commercial loan servicer Ocwen Financial Corp. to expand a program that offers shared appreciation loan modifications in Palm Beach, Florida.

  • Ocwen Details Success in HAMP Program. Dymi, Amilda // Mortgage Servicing News;Aug2010, Vol. 14 Issue 8, p15 

    The article reports on the success of Palm Beach, Florida-based Ocwen Financial Corp. in converting trial Home Affordable Modification Program (HAMP) into permanent status.

  • Ocwen Mulls MSR Purchase. Muolo, Paul // American Banker;2/15/2012, Vol. 177 Issue 25, p6 

    The article mentions nonbank mortgage servicer Ocwen Financial Corp. is looking at $300 billion of mortgage servicing rights (MSRs) and is close to making deals with JPMorgan Chase and Saxon Mortgage.

  • Ocwen Fin'l loses 2 contracts. Investor's Business Daily // Investors Business Daily;3/2/2015, pA02 

    The article reports on the notice received by mortgage servicer Ocwen Financial Corp. from a trustee terminating its securitized mortgage loans services where the agreements represented $260 million, 0.07% of the total portfolio of Ocwen in 2015.


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics