Ocwen to sell mortgage servicing rights on $45 bln of agency loans

(Reuters) - Mortgage servicer Ocwen Financial Corp said it would sell residential mortgage servicing rights on $45 billion of agency loans to an undisclosed buyer.

Ocwen said on Monday it expected the transaction to close by mid-2015, subject to approvals by Fannie Mae and the U.S. Federal Housing Finance Agency (FHFA).

(Reporting by Neha Dimri in Bengaluru; Editing by Kirti Pandey)