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News Briefs

May 4, 2018
PennyMac Financial Services re-started its jumbo mortgage origination operations in the first quarter with plans to return as an issuer of jumbo mortgage-backed securities. The nonbank locked $21.0 million in jumbo production as of the end of March. Ocwen Financial reported net income of $2.6 million for the first quarter of 2018, putting a halt to an extended streak of quarterly losses. Ocwen is the largest subprime mortgage servicer, by far, and the firm ... [Includes three briefs]
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