NY Regulator To Halt Ocwen-Wells Fargo Mortgage-Servicing Deal

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NY Regulator To Halt Ocwen-Wells Fargo Mortgage-Servicing Deal

NY Regulator To Halt Ocwen-Wells Fargo Mortgage-Servicing Deal

Concerns Over The Mortgage Servicer’s Ability To Handle More Loans


WSJ-

A New York state regulator has indefinitely stopped a $2.7B deal by by Ocwen Financial (OCN) to buy mortgage-servicing rights from Wells Fargo (WFC), according to The Wall Street Journal, citing a person familiar with the matter.

[YAHOO] [WALL STREET JOURNAL]

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