Ocwen finalizes deal to sell $110B of MSRs to New Residential

NEW RESIDENTIAL INVESTMENT CORP. (NYSE:NRZ) Files An 8-K Results of Operations and Financial ConditionItem 2.02 Results of Operations and Financial Condition. In this Current Report on Form 8-K.

Equally important, New Residential saw its book value per share (objective value of its assets) rise about 10% last year (excluding the Ocwen deal), compared to 7% in both 2015 and 2016. Since its IPO in 2013, New Residential has grown its book value per share by 55%, largely thanks to the appreciating values of its loan book.

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Ocwen finalizes deal to sell $110B of MSRs to New Residential Ocwen Financial finalized the deal to sell its interests in $110 billion of nonagency mortgage servicing rights to New Residential Investment Corp. for total consideration of $400 million.

Ocwen finalizes deal to sell $110B of MSRs to New Residential Ocwen Financial Corporation (OCN) – Beginning on January 28, 2014, Ocwen Financial Corporation ("Ocwen") will be using the materials. estimates due to the completion of our financial closing procedures, final adjustments and other.

Ocwen Finalizes Deal to Sell $110 Million of MSRs to New Residential National Mortgage News, July 24, 2017–Brad Finkelstein (subscription) Ocwen Financial finalized the deal to sell its interests in $110 billion of nonagency mortgage servicing rights to New Residential Investment Corp. for total consideration of $400 million.

 · Published: May 1, 2017 1:36 p.m. Shares of Ocwen Financial Corp. OCN, +0.70% rocketed 41% in afternoon trade Friday, after the troubled financial services company announced a new proposed deal with New Residential Corp. that includes an upfront payment of $425 million to Ocwen and an equity stake.

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Continuing with its retreat from the mortgage servicing industry, Wells Fargo & Co. ( WFC) decided to proceed with the sell-off of residential mortgage-servicing rights (MSRs) on 1,84,000 loans.

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 · The two firms announced the planned acquisition back in October when Ocwen said it would pay approximately 8 million in cash and $162 million in convertible preferred stock.