What a difference five years makes. In 2008 shares of subprime-mortgage servicer Ocwen—which specializes in hard-hit areas such as Florida and Texas—flatlined near $3. Since then the company has been on a buying spree, scooping up assets from the likes of Barclays, Goldman Sachs, Morgan Stanley, and ResCap. With housing prices rebounding, Ocwen shares now trade above $50, and the company has become the largest servicer of subprime mortgages. When lenders start making low-credit loans again, Ocwen’s business could heat up even more. --C.G.