Ocwen Buys HomEq Servicing for $1.3 Billion

By: Carrie Bay Barclays said Friday that it has agreed to sell HomEq Servicing, its U.S. mortgage servicing business, to Ocwen Loan Servicing, LLC. Ocwen will pay $1.3 billion “in cash on completion,” Barclays said. The transaction aligns the two companies with the highest modification conversion rates under the Home Affordable Modification Program (HAMP). The … Continue reading Ocwen Buys HomEq Servicing for $1.3 Billion