PHH Mortgage, Walter Investment Management Corp. and Ocwen Financial these days are all working from the same survival playbook: sell their most valuable asset ? mortgage servicing rights ? and remain as the subservicer of record. The idea is simple. All three hope to raise cash by selling MSR assets, eliminate the need to hold large sums for servicing advances and ? importantly ? buy some time. There?s…
May 11, 2017 at 11:02PM
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