Details recently emerged about the Obama administration’s new “FHA short refinance” program for borrowers who are current on their loan but owe more than the property is worth. Initial industry reaction is not favorable, as many experts are predicting that the program, which depends on existing mortgage holders agreeing to take a loss, will... [Includes one graph]
Is Onity Group eyeing a sale? Perhaps. And why not? Servicing values are approaching a 25-year high.
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