Moody’s: Home Loan Servicing Solutions sale bolsters Ocwen’s future

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Ocwen Financial Corporation (NYSE: OCN) on Thursday announced that has reached a $56 million settlement over a federal class-action lawsuit, the latest in a line of issues for the troubled servicer. The lawsuit stemmed from alleged problems with restatements in Ocwen’s 2013 and 2014 financial statements, as well as a 2014 consent decree from the [.]

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The recent sale of Home Loan Servicing Solutions, Ltd. (NASDAQ: HLSS), an Ocwen affiliate, to New Residential Investment Corp. (NYSE: NRZ) could spell some improvement ahead for the beleaguered non-bank mortgage servicer, according to a report from Moody’s Investors Service. Last week, New Residential announced it had entered into an agreement to acquire all of the outstanding [.]

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Loan sales have been picking up steam in the U.S., as the rising interest in home equity loans and non-performing loan securitizations helps increase the value of such transactions. More.. Loan Sale ..

HOME TRENDING Research Ratings Tools & Data EVENTS & TRAINING. Close. Moody’s: Ocwen Loan Servicing, LLC: All Servicer Assessments On Review for Possible Downgrade. 21 Apr 2017 Rating Action Moody’s reviews Ocwen and Altisource Solutions’ ratings for downgrade. Moody’s Investors Service.