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October 22, 2014

Wells’ Sale of $39 Billion in MSRs to Ocwen Imperiled; A $14 Stock?

By Paul Muolo

Ocwen said it has fixed the "back-dating" problem but it may be too late for the company.

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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.
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Maybe. It’s under consideration.
Not now. But things could change as 2018 progresses.

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