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Major mortgage servicing deal halted by NY regulator

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Mortgage Professional America | 10 Feb 2014, 04:49 AM Agree 0
New York’s top financial regulator has halted Wells Fargo’s planned sale of mortgage servicing rights to Ocwen, sending the company’s shares tumbling more than 5%
  • Cathy Conrad | | 10 Feb 2014, 11:28 AM Agree 0
    Thank you for reporting this. I'm a mortgage officer/broker associate and Ocwen is terrible to work with.

  • L lapotrie | | 10 Feb 2014, 12:34 PM Agree 0
    I wish the regulators could have taken a look at SPS and stopped the sale before they were allowed to buy the rights to service Chase mortgages. SPS is as bad or probably worse than Ocwen in their poor dealings with borrowers.
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