Ocwen and affiliated businesses hold investor day


The (2-day) investor day is underway for Ocwen Financial (OCN -0.9%) and its affiliated companies - Altisource Residential (RESI +1.1%), Altisource Asset Management (AAMC), Home Loan Servicing Solutions (HLSS +0.3%), and Altisource Portfolio Solutions (ASPS +0.8%) - and Bill Erbey at the moment is explaining the businesses and opportunities of each entity.

Presentation slides

Webcast

As for the flagship Ocwen and the rumored slowdown in mortgage servicing rights sales which helped throw the stock for a loop after earnings in October, Erbey expects $1T of servicing UPB to transact over the next few years.

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Comments (1)
  • Matthew Mazurczak
    , contributor
    Comments (1476) | Send Message
     
    There is no slowdown in the transfer and what people forget is that there is built up earnings potential that exist in current MSRs already. That along with ever increasing rates will make the MSR's more valuable.

     

    There was a big jump in new home sales today also. Someone is going to have to service those mortgages.
    4 Dec 2013, 11:49 AM Reply Like
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