Ocwen Financial is a savings and loan holding company. Through its subsidiaries, Co. is a provider of residential and commercial mortgage loan servicing, special servicing and asset management services. Co.'s business segments include Servicing, which provides loan servicing, including asset management and resolution services, primarily to owners of subprime residential mortgages; and Corporate Items and Other, which includes Co.'s former Loans and Residuals segment and Asset Management Vehicles segment. As of Dec 31 2011, Ocwen Loan Servicing, LLC, a subsidiary of Co., was licensed to service mortgage loans in all 50 states, the District of Columbia and two U.S. territories.
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