Disposal

RNS Number : 9459R

Barclays PLC

01 September 2010

 



 1 September 2010

Barclays PLC

Barclays completes the sale of HomEq Servicing to Ocwen Loan Servicing LLC

Following receipt of regulatory and other applicable approvals, Barclays Bank PLC ("Barclays") has completed the sale of HomEq Servicing ("HomEq") to Ocwen Loan Servicing LLC, a subsidiary of Ocwen Financial Corporation, which was initially announced on 28 May 2010. 

- Ends -

For further information, please contact:

Barclays                                                                      

Investor Relations                                            Media Relations                                   

Stephen Jones                                                   Gemma Walmsley                     

[phone]                                         [phone]                

Barclays Capital                                              

Leigh Bruce/Michael O'Looney                             

[phone]/[phone]

About Barclays

Barclays is a major global financial services provider engaged in retail banking, credit cards, corporate and investment banking and wealth management with an extensive international presence in Europe, the Americas, Africa and Asia. With over 300 years of history and expertise in banking, Barclays operates in over 50 countries and employs over 144,000 people. Barclays moves, lends, invests and protects money for over 48 million customers and clients worldwide.

For further information about Barclays, please visit our website www.barclays.com.

About HomEq

HomEq Servicing is the US mortgage servicing business of Barclays Capital and services mortgages with an unpaid principal balance of approximately $23.8bn as at 26 August 2010. The principal assets subject to the transaction are the mortgage servicing rights and associated servicer advances, as well as the servicing platform based in Sacramento, California and Raleigh, North Carolina. HomEq employs 1,162 people.

 

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