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October 21, 2014

Ocwen’s Stock Plunges After NYS Levies More Allegations Against the Firm

By Paul Muolo

At press time, the firm’s share price was getting crushed, down 25 percent on the day to a new 52-week low of $19.89.

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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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