Things at Ocwen just went from bad to much, much worse

Things at Ocwen just went from bad to much, much worse

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Servicing / The Ticker

Deals on foreclosures begin to dissipate

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In a new report, Paul Diggle from Capital Economics writes that "ultra-low mortgage interest rates and steady, if not spectacular, job creation mean that the delinquency rate and foreclosure start rate are falling quickly."

He says this is causing the composition of inventory to shift, and points out that more homes are coming into the market as pre-foreclosure (short) sales.



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