Ocwen Loan Servicing Announces Pricing for Private Offering of Ocwen Asset Servicing Income Series (. GLOBE NEWSWIRE) - - Ocwen Loan Servicing, LLC (the . The securities, OASIS Series 2.
The Company estimates that the gross proceeds from the Notes offering will be approximately $1. Noteholders of this first OASIS issuance will be entitled to receive monthly payments from the Company in an amount equal to 2. Reference Pool and a final payment on the stated maturity date in February 2. Reference Pool. The average servicing fee for the Reference Pool at the closing date is 3. Through the OASIS program, the Company achieves match funded financing of the related agency MSRs for fourteen years and limits its exposure to prepayment volatility. Ocwen is headquartered in Atlanta, Georgia, and has additional offices and operations in the District of Columbia, California, Florida, Iowa, New Jersey, Pennsylvania, Texas, the United States Virgin Islands, India, The Philippines and Uruguay.
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Utilizing proprietary technology, global infrastructure and world- class training and processes, we provide solutions that help homeowners and make our clients' loans worth more. Additional information is available at www. Ocwen. com. Forward- Looking Statements.
This news. release contains forward- looking statements within the meaning of Section 2. A of the Securities Act of 1. Section 2. 1E of the Securities Exchange Act of 1. Forward- looking statements are not guarantees of future performance, and involve a number of assumptions, risks and uncertainties that could cause actual results to differ materially. Important factors that could cause actual results to differ materially from those suggested by the forward- looking statements include those risks detailed in Ocwen's reports and filings with the Securities and Exchange Commission, including its annual report on Form 1. K for the year ended December 3.
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Form 1. 0- Q for the quarters ended March 3. June 3. 0, 2. 01. September 3. 0, 2. Anyone wishing to understand Ocwen's business should review such filings. The. forward- looking statements speak only as of the date they are made and except for our ongoing obligations under the U.
S. Britti. Executive Vice President and Chief Financial Officer. T: 5. 61. 6. 82- 7. E: John. Britti@Ocwen.