Time-based measures of delinquency rates showed slight declines during the fourth quarter of 2020, as did the foreclosure rate, according to Inside Mortgage Finance's large servicer delinquency index.
Ocwen Financial took another loss in the fourth quarter of 2020. The nonbank also received a cash infusion from Oaktree Capital Management with plans to grow.
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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