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OCN - New Residential Ocwen to transfer agency subservicing on $41.8B UPB
Ocwen Financial Corporation
Under an agreement New Residential Investment (NYSE:NRZ), Ocwen Financial's (NYSE:OCN) PHH Mortgage will transfer the subservicing of ~$41.8B unpaid principal balance of agency MSRs, representing approximately 310,000 loans, to NewRez LLC.
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