Pricing exceptions are widespread in mortgage — and so are the regulatory risks

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Ocwen starts $500M buyback program

According to Seeking Alpha, Ocwen (OCN) launched a $500 million buyback program just as the company posted a 128% jump in income operations.  

"Ocwen is substantially under-levered compared to our peers. The company's additional debt capacity combined with the ability to raise new capital from sales to HLSS or sales of MSRs, as demonstrated by recently completed sales, provide ample resources to fund growth and share 

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