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Ocwen Hit by Another Wave of Losses

The tough first quarter for Ocwen suggests an ongoing trend for non-bank mortgage servicers—even though they have a much larger share of the mortgage market than they did just four years ago, they are having difficulty profiting.

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Fed Freezes on Rate Hike

Even though the housing sector has shown further improvement, the Federal Open Market Committee dodged another rate increase this month like many in the industry predicted.

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