Motion for Judgment. A judgment is the official decision made by the court at the end of a lawsuit, criminal trial, or other legal proceeding. In certain cases, a party to the proceeding may make a âmotion for judgment, requesting that the court make a decision.
Ocwen Loan Servicing LLC to purchase HomEq. Friday, May 28, 2010 - 15:29. NationalMortgageProfessional.com. Ocwen Loan Servicing LLC is reported to be purchasing HomEq Servicing, the mortgage servicing business of Barclays Capital, for $1.3 billion.
Ocwen Financial Corporation spun off Home Loan Servicing Solutions, Ltd. (HLSS) in 2010. Founded by Ocwen Financial Corporation's Executive Chairman William Erbey, HLSS was created to acquire mortgage servicing assets including servicing rights, rights to fees, and other income from servicing loans.s of December 31, 2011, Ocwen had serviced 671,623 residential loans with an aggregate unpaid principal balance (UPB) of $102.2 billion. As of February 26, 2014, with rights to service a mortgage portfolio of over $500 billion in UPB, it is the biggest non-bank servicer of US mortgages.