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  • Ocwen now one giant step closer to acquiring MSRs again after new NYDFS agreement

    For more than two years, Ocwen Financial has been prohibited from acquiring new mortgage servicing rights in bulk, thanks to the company’s $150 million settlement with the New York Department of Financial Services. Now, it appears that Ocwen could be on the brink of returning to the MSR market full force, after the nonbank announced Monday that it reached a new agreement with the NYDFS. Click the headline for the full story.

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Despite Florida foreclosure crisis, Miami sees continual decline

The foreclosure rate – the percentage of mortgages in some stage of foreclosure – fell to 14.59% in Greater Miami in November 2012, down 3.13% from a year earlier, continuing a long downward trend, CoreLogic said.

Source: Miami Herald
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