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March 19, 2014

Ocwen: Relax, Nothing is New With NYS and the Wells Fargo Deal

By Paul Muolo

Early in the morning, Ocwen’s share price was up almost 3 percent, but by noon had settled down. Trading volume was slightly above average.

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With originations expected to drop in 2018, will your shop turn to non-QM/non-prime mortgage products as a way to bolster volumes?

Yes, definitely. We’re planning a launch.
No. It’s still difficult compliance/regulatory-wise.
Maybe. It’s under consideration.
Not now. But things could change as 2018 progresses.

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