Saturday, April 25, 2015

JPMorgan to Buy $45 Billion Mortgage Servicing Portfolio from Ocwen

JPMorgan to Buy $45 Billion Mortgage Servicing Portfolio from OcwenOcwen Financial Corporation's (NYSE: OCN) $45 billion portfolio of mortgage servicing rights (MSRs) is being sold to JPMorgan Chase & Co. (NYSE: JPM), reports Bloomberg, citing a person familiar with the transaction. Reports of the transaction, which consists of approximately 277,000 performing agency loans owned by Fannie Mae, https://twitter.com/shirlysenior/status/584531729232179204
I bet this would be a great exampleJPMorgan to Buy $45 Billion Mortgage Servicing Portfolio from Ocwen

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