Ocwen Financial (OCN +2.2%) reportedly wins the bidding for ResCap's mortgage servicing assets,...

|About: Ocwen Financial Corporation (OCN)|By:, SA News Editor

Ocwen Financial (OCN +2.2%) reportedly wins the bidding for ResCap's mortgage servicing assets, bidding $3B vs. Nationstar's (NSM -14%) $2.3B. Walter Investment (WAC +5.3%), presumably a partner of Ocwen in the deal, also flies higher. A breakeven price had been assumed to be in the $2.7B area. Has Ocwen overpaid?