NEW YORK, Oct. 24, 2012 (GLOBE NEWSWIRE) — Ocwen Loan Servicing, LLC, the mortgage servicing arm of Ocwen Financial Corporation (NYSE:OCN), and Walter Investment management corp. (nyse mkt:wac) today were jointly awarded the highest and best bid for the mortgage servicing and origination platform assets of Residential Capital, LLC (ResCap) in a Bankruptcy Court sponsored auction.
OCWEN CARES: Helping homeowners and communities is what we do. Ocwen Financial Corporation and its subsidiaries, PHH Mortgage and Liberty Home Equity Solutions, are committed to helping our customers save money, build equity and, most importantly, stay in their homes. $254 MILLION IN INTEREST SAVINGS FROM HARP REFINANCING. 700,000+ LOANS MODIFIED
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We had our loan in 2000 with Aegis Mortgage and they sold our loan to Wells Fargo in one year. So, in 2001, we’ve been with Wells Fargo. I knew mortgage companies had the right to sale your mortgage note whenever they wanted to, but today I’ve been hearing people’s loans being sold every year or every two years, and the change is who is servicing your loan has made the mortgage companies RICHER.
Ocwen shares closed at $21.19 yesterday, down from an October 2013 high of $60.18 as government efforts to clean up the mortgage-servicing business weigh on the Atlanta-based company. a real estate.
About Us WHO WE ARE. Ocwen Financial Corporation (NYSE: OCN) is a financial services holding company providing mortgage servicing and originations solutions through its primary brands, PHH Mortgage and Liberty Home Equity Solutions.
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