Fitch: Here’s the impact of Ocwen’s massive MSR deal with New Residential

Ocwen Financial may be facing serious allegations from the CFPB and a hefty group of state regulators about the company’s mortgage servicing practices, but that isn’t stopping New Residential Investment Corp. from contracting Ocwen to subservice a huge portfolio of loans. According to a new report from Fitch Ratings, that deal will not have an impact on Ocwen’s servicer ratings. But, as Fitch notes, the deal will certainly have an serious impact on Ocwen’s servicing portfolio.

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