According to a filing with the Securities and Exchange Commission, Ocwen Loan Servicing paid about $1.19 billion for mortgage servicer HomEq. And as HousingWire reported earlier, Barclays Capital funded the majority of the purchase via an asset-backed securitization vehicle. About $852.6 million was funded by notes issued by a structured servicing advance financing facility and $344.1 million consisted of equity and money borrowed pursuant to a senior secured-term loan. The advance ABS is titled HomEq Servicer Advance Receivables Trust 2010-ADV1 and was rated by Standard & Poor’s: The notes issued by the structured servicing advance financing facility were purchased by Barclays Capital and by one of its sponsored asset-backed commercial paper conduits. According to the filing, the primary reason for the 7.4% reduction in the original purchase price for the HomEq acquisition is the unpaid principle balance boarded by Ocwen was $22.4 billion, which is $5.6 billion or 20.2% less than the amount in the Form 8-K filed by Ocwen June 2. “This reduction is due to normal runoff in the securitization portfolio and a reduction in the whole loans transferred from HomEq Servicing to Ocwen,” according to the most-recent filing. The unpaid principal balance consists of $2 billion for whole loans and $20.4 billion for securitizations. After the close, Ocwen had cash and fully collateralized available credit on its advance facilities of approximately $262.4 million. Write to Jacob Gaffney.