Content area
Full Text
The purchase agreement for Ocwen Financial Corp.'s announced acquisition of Morgan Stanley's Saxon Mortgage Services Inc. unit includes indemnification provisions under which Morgan Stanley, Saxon Capital Holdings Inc. and Morgan Stanley Mortgage Capital Holdings LLC would remain liable for losses, fines and penalties resulting from Saxon's pre-closing foreclosure, servicing and loan origination practices, according to a Form 8-K filed Oct. 24.
Ocwen, Morgan Stanley, Saxon Capital and Morgan Stanley...