Ocwen Signs Servicing Agreement With Freddie

Posted by Orb Staff on August 13, 2009 No Comments
Categories : Mortgage Servicing

Loan Servicing LLC has entered into an interim servicing master agreement with Freddie Mac, the company announced in an Securities and Exchange Commission [link=http://sec.gov/Archives/edgar/data/873860/000101905609000809/ocn_8k.htm][u]filing[/u][/link] Tuesday. The agreement, which became effective Aug. 10, authorizes Ocwen to service approximately 24,000 nonperforming single-family loans owned by Freddie Mac, with an aggregate unpaid principal balance of about $4.4 billion. SOUR

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