Home Loan Servicing Solutions finalized its acquisition of $15.9 billion in mortgage servicing assets from Ocwen Financial Corp. (OCN) Thursday.
The deal includes servicing rights as well as advances for a portfolio of subprime and Alt-A residential mortgages.
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As existing home sales dropped to the lowest level it has seen in nearly three decades in 2023, title insurance premium volume also took a hit. In 2023, the title insurance industry generated $15.1 billion in title insurance premiums, a 31% annual drop, according to the American Land Title Association’s Market Share Analysis, released Tuesday. […]
