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April 11, 2014

Is the Market for Servicer Advances Facing Headwinds?

By Brandon Ivey

Bad news for Nationstar and Ocwen? S&P said downgrades on servicer-advance ABS are possible because the analysis that accompanied ratings on certain deals didn’t consider subordinated interest amounts as part of the ratable promise.

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The year is almost 75% done. How is mortgage origination volume at your shop?

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