May 14, 2015 / 2:06 PM / 2 years ago

Ocwen to sell servicing rights on $45 billion loans to JPMorgan

A sign outside the headquarters of JP Morgan Chase & Co in New York, September 19, 2013. REUTERS/Mike Segar

(Reuters) - JPMorgan Chase & Co’s (JPM.N) consumer and commercial banking unit said it would buy $45 billion of mortgage servicing rights from Ocwen Financial Corp (OCN.N).

The unit will buy the mortgage servicing rights for 266,000 high-quality Fannie Mae FNMA.OB loans from Ocwen Loan Servicing.

Reporting by Richa Naidu in Bengaluru; Editing by Savio D'Souza

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below