Fresh off yesterday's blockbuster purchase of Wilbur Ross' Homeward Residential, Ocwen (OCN) is reportedly teaming with Walter Investment (WAC) to try and outbid other players for Rescap's mortgage servicing assets. Wilbur Ross - now with a sizable stake in Ocwen - is no doubt pleased. Previously the presumed winner in the race, Nationstar (NSM) is off 1.1% premarket.
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