Ocwen Financial Corp.

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Ocwen Financial Corp Enters Into Definitive Agreement With Oaktree To Launch Msr Investment Vehicle

Published: 12/22/2020 22:06 GMT
Ocwen Financial Corp. (OCN) - Ocwen Financial Corp - Enters Into Definitive Agreement With Oaktree to Launch Msr Investment Vehicle.
Ocwen Financial - Newly-formed Company is Expected to Invest Up to $250 Million of Equity Capital Into Mav to Acquire Fannie Mae and Freddie Mac Msrs.
Ocwen Financial Corp - Oaktree May Purchase Up to 7.9% of Newly Issued Ocwen Stock at Closing.
Ocwen Financial Corp - Awarded New Contracts Projected to Add $30 to $40 Billion in Servicing.
Ocwen Financial Corp - Parties Will Commit to Fund Investment on a Pro Rata Basis of 15% for Ocwen and 85% for Oaktree.
Ocwen Financial Corp - Co Believes That Mav Could Add About $50 to $60 Billion of Subservicing Upb for Ocwen.