Ocwen Refinancing $300M of Notes Backed by Reimbursement Rights
National Mortgage News, Aug. 8, 2018–Allison Bisbey (subscription)
Ocwen is refinancing $300 million of bonds backed by reimbursement rights to funds it has advanced on residential mortgages it services. The two new series of notes will both extend the maturity of the debt issued by the securitization trust and reduce the interest rate.
