Mortgage modifications will only be available for homeowners in negative equity.
Atlanta-based Ocwen holds a $74 billion servicing portfolio after [...]
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Tuesday, July 26, 2011
Ocwen unveils new principal reduction program
Ocwen Financial Corp. (OCN: 13.06 -0.91%) launched a new modification program to reduce the principal on a mortgage for delinquent borrowers, while compelling them to share in the future appreciation of the home's value with the investor.
Mortgage modifications will only be available for homeowners in negative equity.
Atlanta-based Ocwen holds a $74 billion servicing portfolio after [...]
Mortgage modifications will only be available for homeowners in negative equity.
Atlanta-based Ocwen holds a $74 billion servicing portfolio after [...]
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