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Volume 2014 - Number 46

December 5, 2014

Downloads Available: Ginnie Mae MBS Buyouts - 9M14

Ocwen’s Ginnie Mae Buyouts Fell to Zero In 3Q14; Does it Spell Trouble for the Firm?

Ocwen Financial, which has been under intense regulatory scrutiny most of the year, stopped buying delinquent loans out of Ginnie Mae pools during the third quarter, according to a review of loan-level data by Inside MBS & ABS. The cessation of buyouts is unusual and has some MBS analysts scratching their heads, wondering whether more trouble could be afoot at the nationís largest nonbank servicer. According to a new report from Barclays, the reduction in buyouts by Ocwen (as measured by prepayments) ďcould be due...[Includes one data chart]

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This weekly covers the secondary mortgage market, including mortgage-backed securities and asset-backed securities.



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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.