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Wilbur Ross quits Ocwen Financial

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Servicing
From HW Magazine

Back to the baseline

Improving economy gives borrowers more opportunity to refinance out of the servicer's portfolio

Mortgage loan servicing is a great business when nothing changes. If borrowers continue to pay every month as agreed and they remain in the portfolio for many years, a good loan servicing shop will do very well. We haven’t seen those conditions in quite some time.
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