Ocwen is no longer the nation’s largest mortgage servicer

The impact of Ocwen Financial’s (OCN) exit from agency mortgage servicing is beginning to materialize.

According to a recent report from Fitch Ratings, Ocwen is no longer the country’s largest prime mortgage servicer. In fact, Ocwen is now the third-largest prime mortgage servicer, falling behind Bank of America (BAC) andNationstar Mortgage (NSM), in 1st and 2nd respectvely.

Fitch’s report is based on data from 2014’s fourth quarter, but Ocwen recently announced several massive agency mortgage servicing rights sales that will drop its share of agency servicing even more.

Read on.

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