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Ocwen Financial Corp. Message Board

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  • jgarush jgarush Aug 13, 1999 3:42 PM Flag

    I'm making money

    WEST PALM BEACH, Fla., Aug. 13 (dbusiness) -- Two
    weeks after agreeing to pay over $95 million for Ocwen
    Asset Investment, Ocwen Financial Corp. Friday
    announced a deal that will help pay that staggering bill.


    Ocwen Financial said it has struck a deal with Southern
    Pacific Funding Corp. to service 17,660 subprime
    residential mortgage loans, with an unpaid principal balance
    of $1.3 billion. The loans were transferred to
    Ocwen's new national servicing center in Orlando on Aug.
    3.

    Jamie

 
OCN
14.32-0.56(-3.76%)Dec 26 4:03 PMEST

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