Oaktree to acquire a 15% minority stake in MSR Asset Vehicle from Onity Group for $49m.

Oaktree, a private equity firm, agreed to acquire a 15% minority stake in MSR Asset Vehicle, a specialized investment vehicle focused on investing in and servicing of Mortgage Servicing Rights, from Onity Group, a provider of residential and commercial mortgage loan servicing, for $49m. “We are pleased to announce the agreement with Oaktree that will enable a meaningful reduction of our highest cost corporate debt and the continuation of our relationship with MAV. We expect these transactions will contribute meaningfully to our holistic capital restructuring and improve future income and cash flow. Oaktree remains a valued strategic partner and important subservicing client. We thank them for their continued support, and we look forward to future opportunities,” Glen A. Messina, Onity Group Chair, President and CEO.