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Volume 2014 - Number 32

August 14, 2014

The ‘Legacy’ MSR Market is Drying Up And It’s Not All Tied to Regulatory Scrutiny

The market for “legacy” mortgage servicing rights has been on ice since earlier this year because of regulatory scrutiny, but there’s a new school of thought that suggests the halcyon days of mega transactions might be over for good. Servicing advisors who work in the MSR market note that the “Lawsky effect” is still being felt by Ocwen Financial and some of its peers, but as time goes on it will be less of a factor. “There’s...

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