Ocwen to sell $9.8 bln in mortgage service rights to Nationstar

Mortgage servicer Ocwen Financial Corp said it would sell a portfolio of residential mortgage servicing rights worth $9.8 billion to Nationstar Mortgage Holdings Inc. Ocwen's shares were up 7.3 percent at $10.30 in premarket trading on Monday. The portfolio comprises about 81,000 performing loans owned by government-controlled mortgage finance firm Freddie Mac . The U.S. Federal Housing Finance …

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Ocwen to sell $9.8 bln in mortgage service rights to Nationstar