Ocwen Financial, the largest nonbank servicer in the nation, recently came to market with a unique security: a bond collateralized by residential servicing rights on Freddie Mac loans. However, it remains to be seen whether the deal will be replicated by others. The bond -- Ocwen Asset Servicing Income Series 2014-1 -- is expected to raise $123.5 million in a private placement. The reference pool is $11.8 billion. Monthly payments to investors will be...