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Interesting action in the mortgage servicers since the ResCap auction finds both the winners...

Interesting action in the mortgage servicers since the ResCap auction finds both the winners (OCN, WAC) and the losers (NSM, NCT) sharply higher since. Did Ocwen pay too much? Did Nationstar get squeezed out of a great opportunity? Apparently it doesn't matter. With capital requirements forcing banks out of the servicing business near the bottom, being a specialty servicer is a good place to be.
Comments (1)
  • TwistTie
    , contributor
    Comments (2476) | Send Message
     
    I get the impression that MSEs are indeed a good place to be and that we will be seeing more articles about this opportunity in the near future.

     

    My NCT stock is up 23% and I haven't had it all that long.

     

    My divi is 12.7%.

     

    How long with this party last?
    31 Oct 2012, 11:56 AM Reply Like
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