Thursday, March 28, 2024 | The Latest Buzz for the Appraisal Industry

Ocwen Announces Intention to Sell MSR Portfolio Worth $9.8 Billion to Nationstar

By Brian Honea

Ocwen Loan Servicing, a subsidiary of Ocwen Financial Corporation, intends to sell the mortgage servicing rights (MSR) on a portfolio of performing loans owned by Freddie Mac with a total principal balance of about $9.8 billion to Nationstar Mortgage, a subsidiary of Nationstar Mortgage Holdings, according to an announcement from Ocwen Financial on Monday morning. There are approximately 81,000 loans in the portfolio involved in the transaction, according to Ocwen’s announcement.

The post Ocwen Announces Intention to Sell MSR Portfolio Worth $9.8 Billion to Nationstar appeared first on DSNews.

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