Best Financial Servicer Ocwen Notices Delinquencies Flatten Otherwise Refuse

Best Financial Servicer Ocwen Notices Delinquencies Flatten Otherwise Refuse

  • Brand new iA Institute

News release

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One of the nation’s top subprime home loan servicers reports you to definitely delinquencies for the subprime mortgage loans they handles flattened otherwise denied this summer, in high scale because of its technical-enhanced mortgage loan modification system.

The shopping for means a beam out of guarantee regarding the subprime crisis and means an useful approach to remaining people within homes and securing lenders’ and you can investors’ income.

Based on Ocwen Economic Corp. (NYSE: OCN), the leading servicer off subprime mortgages, delinquency cost in almost any classification (60, ninety and you may 90+ days) enjoys sometimes declined or stayed apartment in the last 3 months. Leer más