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Tuesday, March 24, 2015

Ocwen to sell servicing rights on $25 billion of loans to Nationstar, (NYQ: NSM), (NYQ: OCN)

Ocwen Financial Corp said it would sell an additional $25 billion of residential mortgage servicing rights to a subsidiary of Nationstar Mortgage Holdings Inc. Ocwen sold $9.8 billion of servicing rights to Nationstar Mortgage in February.

Nationstar Mortgage Holdings Inc. (Nationstar Inc. Shares of NSM fell by 1.34% or $-0.4/share to $29.54. In the past year, the shares have traded as low as $22.94 and as high as $37.95. On average, 810457 shares of NSM exchange hands on a given day and today's volume is recorded at 403095.

Ocwen Financial Corporation is a financial services holding company. Shares of OCN traded higher by 3.29% or $0.28/share to $8.80. In the past year, the shares have traded as low as $5.66 and as high as $40.44. On average, 8722700 shares of OCN exchange hands on a given day and today's volume is recorded at 8391553.



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