The Ticker
Ocwen reportedly a contender for $1 billion in Ally servicing rights
2/5/13 9:16am
As per Reuters, Ocwen Financial Corp. ($41.85 -1.683%) has emerged as the top contender to buy a portfolio of mortgage collection rights worth $1 billion from Ally Bank - a unit of Ally Financial Inc. This the latest development in Ocwen's long list of mortgage servicing rights (MSR) acquisitions.
