Ocwen Loan Servicing LLC to purchase HomEq

NationalMortgageProfessional.com

May 28, 2010

Ocwen Loan Servicing LLC is reported to be purchasing HomEq Servicing, the mortgage servicing business of Barclays Capital, for $1.3 billion. Barclays will provide Ocwen, a subsidiary of Ocwen Financial Corporation (OCN), with $1 billion in secured financing and may help Ocwen to raise funding from third parties. The sale is slated to be finalized in the third quarter of 2010 following regulatory approval. Under terms of the deal, Ocwen will receive the mortgage servicing rights and the servicing platform of HomEq Servicing. For more information, visit www.ocwen.com or www.homeq.com.

Link copied

Published

May 28, 2010

Analysis and Data

CoreLogic: Home Equity Up 6.8%

Average homeowner gains over $20,000 in wealth.

The latest CoreLogic Homeowner Equity Insights report found that homeowners with mortgages have witnessed a collective increase in equity amounting to a staggering $1.1 billion since the third quarter of 2022. This marks a year-over-year gain of 6.8%.  The positive tre...

Analysis and Data

Fannie Mae's Index Shows Ongoing Consumer Pessimism

Home Purchase Sentiment Index reveals gloomy outlook among homebuyers.

Consumer sentiment regarding the housing market remains persistently pessimistic, according to the latest Fannie Mae Home Purchase Sentiment Index (HPSI). The index saw a 0.6-point decrease in November, indicating that consumers' outlook on homebuying conditions is hovering ...