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Volume 2014 - Number 16

August 1, 2014

Ocwen Struggles as Acquisitions Remain on Hold

Officials at Ocwen Financial continue to indicate that the servicer is primed to grow, but the nonbank has been stymied since February due to a voluntary agreement with the New York Department of Financial Services. Henry Coffey, an analyst at Sterne Agee, said there appears to be ample interest from nonbank servicers to acquire servicing along with plenty of interest from banks to shift servicing to banks. However, he said there has been a drought in such transfers ...

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