Nonbanks Like Ocwen Embrace Subprime Market as Banks Flee

Ocwen’s agreement to buy $78 billion in mortgage servicing rights from OneWest is part of a string of deals by it and other nonbanks meant to wring value from remnants of the mortgage meltdown that many banks seek to unload.

Article source: http://www.nationalmortgagenews.com/features/nonbanks-like-ocwen-embrace-subprime-market-as-banks-flee-1036992-1.html

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