Inventory
info icon
Single family homes on the market. Updated weekly.Powered by Altos Research
722,032+456
30-yr Fixed Rate30-yr Fixed
info icon
30-Yr. Fixed Conforming. Updated hourly during market hours.
7.00%0.01
InvestmentsServicing

A closer look at the OneWest Bank loans Ocwen is acquiring

Mega mortgage servicer Ocwen (OCNannounced in June that it's acquiring $78 billion in unpaid principal balance of mortgage servicing rights and related advance receivables from OneWest Bank.

In a securities filing, Ocwen elaborated on the loans involved in the transaction.

The OneWest portfolio has an estimated loan count of 307,000 mortgages, with 149,000 tied to private-label securities. The remaining 158,000 mortgages are agency loans tied to Fannie Mae, Freddie Mac and Ginnie Mae securities.

"For the OneWest portfolio, as of June 30, 2013, delinquencies are in the 25-30% range for private-label securities and in the 20-25% range for agency securities," Ocwen reported.

Most Popular Articles

Latest Articles

Lower mortgage rates attracting more homebuyers 

An often misguided premise I see on social media is that lower mortgage rates are doing nothing for housing demand. That’s ok — very few people are looking at the data without an agenda. However, the point of this tracker is to show you evidence that lower rates have already changed housing data. So, let’s […]

3d rendering of a row of luxury townhouses along a street

Log In

Forgot Password?

Don't have an account? Please