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Home » Store » News » Loan Mod Accounting a Concern For Subprime MBS Investors

Loan Mod Accounting a Concern For Subprime MBS Investors

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The modification and accounting practices on loans in subprime mortgage-backed securities serviced by Ocwen Financial unveiled last month are a concern for investors. Some servicers have employed similar tactics, but at this point it is unclear whether the practice will continue going forward. Barclays Capital found that Ocwen had modified up to 25 percent of the loans per year...
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