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December 15, 2014

Ocwen Resumes Ginnie Buyouts But at a Much Lower Level

By Paul Muolo

Ocwen also did not disclose what it paid to acquire the nonperforming loans or who the buyer was.

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Poll

With rates higher this year, there has been talk of lenders liberalizing their underwriting standards in an effort to increase volume and make up for lower refis.

Do you think your shop will loosen standards over the coming three months?

Yes, but not by much.
Yes, by a lot.
Yes and, heck, we may even do non-QM lending.
No, not at all.
No and we may even tighten credit.

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