ATLANTA, Feb. 21, 2014 (GLOBE NEWSWIRE) -- Ocwen Loan Servicing, LLC (the "Company"), a wholly owned subsidiary of Ocwen Financial Corporation, (NYSE:OCN), a leading financial services holding company, today announced that it has priced the offering of the Ocwen Asset Servicing Income Series ("OASIS") program. The securities, OASIS Series 2014-1 (the "Notes"), are secured by the Company's mortgage servicing rights relating to $11.8 billion in unpaid principal balance of Freddie Mac 30-Year fixed rate mortgages (the "Reference Pool"). The Company estimates that the gross proceeds from the Notes offering will be approximately $123.5 million.
Ocwen Loan Servicing Announces Pricing For Private Offering Of Ocwen Asset Servicing Income Series ("OASIS") Notes
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