Ocwen and Ditech Both Hired New CEOs Recently, but Time May be Running Out for These Struggling Shops
April 26, 2018
The future used to look bright for Ocwen Financial and Ditech, two publicly traded nonbanks that specialized in “high touch” residential servicing. But over the past four years, both have struggled mightily with losses, regulatory sanctions and shrinking portfolios.
The creation of a U.S. sovereign wealth fund could grease the skids for an end to the conservatorships of Fannie Mae and Freddie Mac.
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