The sale marks the firm's latest effort to shed noncore operations and exit mortgage operations purchased before the financial crisis. Ocwen paid $59.3 million in the deal and is also paying Morgan Stanley $1.4 billion for servicing advance receivables outstanding.
- Vaccine Education Summit
- Bitcoin Summit
- Ernie's Favorites
- THE R3VOLUTION CONTINUES
- "It's Not My Debt"
- Fascist Nation's Favorites
- Surviving the Greatest Depression
- The Only Solution - Direct Action Revolution
- Western Libertarian
- S.A.F.E. - Second Amendment is For Everyone
- Freedom Summit
- Declare Your Independence
- FreedomsPhoenix Speakers Bureau
- Wallet Voting
- Harhea Phoenix
- Black Market Friday
Morgan Stanley agreed to sell Saxon Mortgage Services, its mortgage-servicing unit, to Ocwen Financial Corp., in a long-awaited deal that ends the investment bank's foray into subprime-mortgage servicing.
Additional Related items you might find interesting:Related items:
News Link • Stock Market
News Link • Events: America
News Link • Business/ Commerce
News Link • General Opinion
News Link • Economy - International