One down and ResCap still to go…
HW-
Mortgage servicer Ocwen Financial Corp. ($33.63 0%) has finalized its acquisition of Homeward Residential Holdings Inc., a company organized by private equity firm WL Ross & Co. in 2007.
In a securities filing, Ocwen said it paid $243 million plus the book value amount of Homeward and its subsidiaries, making the aggregate purchase amount reach $766 million. About $604 million was paid in cash, Ocwen said in a securities filing. Another $162 million was paid in preferred stock.