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February 26, 2014

Short Takes: The Ocwen MSR Saga Continues / India Mortgage Workers in Trouble? / Redwood Has Strong Commercial Originations But… / MSR Auctions from MIAC and Prestwick / Stonegate’s MSRs Worth A Lot More

By Paul Muolo

Of course, Ocwen is hardly alone when it comes to having a large overseas mortgage workforce. Wells Fargo and Nationstar, we’re told, also have decent sized back office operations in India…

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Poll

HUD has announced a 25 basis point cut in FHA premiums, which is slated to take effect in late January. Is your lending shop for or against a cut in FHA premiums?

For. It should help lending volumes.
Against. The private MI sector should take on this risk, not the government.
Too early to say.
I believe the new White House may scuttle the idea so it doesn’t matter.

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