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...But banks still see good opportunities in deepening relationships with mortgage-servicing customers, allowing them to cross-sell products from other units including credit cards and car loans....
...Last February, for example, it began a public correspondence with Ocwen Financial, the non-bank mortgage servicing company which was rapidly picking up assets from the banks, detailing concerns over its...
...(Financial Times) Italian banks look to private equity firm for bad loans vehicle and fresh capital: UniCredit and Intesa Sanpaolo are expected to announce on Tuesday that they have signed a preliminary...
...denied changes to loans....
...(Financial Times) Investors including Pimco and BlackRock are considering legal action against Ocwen Financial, in a sign of unease at the growing clout of non-bank mortgage-servicing companies which are...
...,” Deutsche Bank analysts wrote in reaction to the sale....
...The move is part of a trend of pure servicing companies bulking up to take on the banks. Shares in Ocwen rose 20 per cent to $34.88 – an all-time high....
...Such loans require intensive and costly servicing....
...BankUnited, the successor institution, will be the largest independent bank in Florida, as was its predecessor (BankUnited, FSB)....
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