If you have any mortgage servicing rights you’re looking to offload, you may want to give Ocwen Financial a call.

A few weeks after striking a deal to buy $14 billion of mortgage servicing rights from Texas Capital Bank, a subsidiary of Ocwen has agreed to buy $48.3 billion of conventional MSR from AmeriHome Mortgage.

Ocwen’s subsidiary PHH Mortgage Corp. will acquire 178,000 loans sold to or securitized by Fannie Mae and Freddie Mac, boosting its overall total servicing portfolio by about 16%.

PHH Mortgage will pay roughly $607 million, “subject to adjustment for run-off prior to the date of closing, and details ⇒

BusinessMediaguide.Com portal received this content from this noted web source: HousingWire.Com