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

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

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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 nation’s largest nonbank servicer. According to a new report from Barclays, the reduction in buyouts by Ocwen (as measured by prepayments) “could be due...[Includes one data chart]
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