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Volume 2014 - Number 6

March 14, 2014

NY DFS Targets Nationstar, Nonbank Cooperates

Nationstar Mortgage joined Ocwen Financial last week under the glare of the New York Department of Financial Servicesí spotlight. Ben Lawsky, superintendent of the NYDFS, said the state regulator has received hundreds of complaints about Nationstarís practices, including problems with loan modifications, improper fees and lost paperwork. ďOur department has significant concerns that the explosive growth at Nationstar and other nonbank servicers may create capacity issues ...

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

We will fund about the same as we did in 2016.
We will fund more than last year – by a little.
We will fund more than last year – by a lot.
We will fund less than last year – by a little.
We will fund less than last year – by a lot.

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