Ocwen Said to Win $3 Billion Rescap Loan-Servicing Auction

Ocwen Said to Win $3 Billion Rescap Loan-Servicing Auction

Peter Foley/Bloomberg

Ocwen Financial Corp. will become at least the fifth-largest U.S. mortgage servicer, a business that becomes more profitable with greater scale, according to Wilbur Ross, who sold his Homeward Residential Holdings Inc. to Ocwen this month.