Altisource Portfolio to Buy Some Businesses of Homeward Res, Rescap, Combined Purchase Price $218.6M
Posted on February 12, 2013 at 16:42 PM EST
Altisource Portfolio Solutions S.A., on behalf of itself and its subsidiaries, ("Altisource") (Nasdaq: ASPS ) entered into non-binding letters of intent with Ocwen Financial Corporation, on behalf of itself and its subsidiaries, ("Ocwen") (NYSE: OCN ) to acquire certain fee-based businesses related to Ocwen's recently acquired Homeward Residential Holdings, Inc. mortgage servicing and