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December 6, 2018

Its Share Pricing Sinking, Ocwen Issues Update, Says it Will Enter TPO Market, Acquire Servicing Rights

By Paul Muolo

Ocwen, which paid $360 million in cash for PHH, also disclosed: ďThe purchase price we negotiated contemplated PHH could continue to incur losses.Ē

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Do mortgage lenders really need a new credit-scoring model or is the current FICO system adequate?

It’s fine. Stick with what works.


Time for a change. Borrowers are different today.


Undecided, still assessing the situation.