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Ocwen Continues Mortgage Servicing Buy-Up, Enters $585 Million Deal with Ally 

Mar 13, 2013By

Ally Bank today announced that it has reached an agreement to sell a portfolio of agency mortgage servicing rights (MSR) to Ocwen Financial Corp. for an estimated price of $585 million. The transaction comprises MSRs with an unpaid principal balance of $85 billion as of January 31, 2013, as well as an estimated $5 billion […]