London-based Barclays Bank PLC announced Friday it will sell North Highlands-based mortgage servicer HomEq to Ocwen Loan Servicing of Florida for $1.3 billion. The move comes four years after Barclays bought HomEq for $469 million from Wachovia, a North Carolina bank now owned by Wells Fargo Inc. HomEq was originally the loan servicing operation of Sacramento's now-defunct Money Store, an early U.S.
North Highlands-based Mortgage Company Sold For $1.3 Billion
jwasserman@sacbee.com (Jim Wasserman), Sacramento Bee
Fri, 05/28/2010 - 11:41am
Topics: london-based barclays bank plc north highlands-based ocwen loan wachovia north carolina wells fargo inc sacramento money store u.s brandon ashcraft publicly-trade ocwen west palm beach barclay lehman brothers aurora loan goldman sachs litton loan call the bee's jim wasserman read home front barclays barclays homeq servicing billion friday acquisition now-defunct
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