TITLE

Ocwen to Continue Shopping After Saxon Mortgage Buy

AUTHOR(S)
Finkle, Victoria
PUB. DATE
December 2011
SOURCE
Mortgage Servicing News;Dec2011, Vol. 15 Issue 12, p13
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
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.
ACCESSION #
67629210

 

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