Market Overview

Altisource Portfolio to Buy Some Businesses of Homeward Res, Rescap, Combined Purchase Price $218.6M

Share:
Related ASPS
Mid-Afternoon Market Update: Crude Oil Down 2.5%; Chegg Surges Higher
Mid-Day Market Update: Medpace Drops After Weak Earnings; Angie's List Shares Spike Higher
Related OCN
Watch These 5 Huge Put Purchases In Monday Trade
Benzinga's Option Alert Recap From June 9

Altisource Portfolio Solutions S.A., on behalf of itself and its subsidiaries, ("Altisource") (Nasdaq: ASPS) entered into non-binding letters of intent with Ocwen Financial Corporation, on behalf of itself and its subsidiaries, ("Ocwen") (NYSE: OCN) to acquire certain fee-based businesses related to Ocwen's recently acquired Homeward Residential Holdings, Inc. mortgage servicing and origination business platform (the "Homeward Residential Fee-Based Businesses") and Ocwen's anticipated purchase of the mortgage servicing platform from Residential Capital, LLC (the "ResCap Fee-Based Businesses") for a combined purchase price of $218.6 million.

Posted-In: News M&A

 

Related Articles (OCN + ASPS)

View Comments and Join the Discussion!