The commercial-banking sector isn’t running away from the mortgage-servicing business the way it did a few years ago, but aggregate figures show the industry continues to favor whole loans over mortgage servicing rights. [Includes two data charts.]
Although servicing brokers posted brisk sales figures for the first half of the year, the third quarter has been tepid, with buyers catching their breath while trying to figure out their next move.
Ocwen said its ability to utilize the NOLs to offset future taxable income may be significantly limited if the company experiences an ownership change.