2012-09-10 — housingwire.com
Billions in mortgages once handled by Saxon Mortgage Services received more principal write downs since Ocwen Financial Corp. ($26.24 -0.02%) took over the portfolio.
Ocwen, now the largest subprime servicer in the U.S., completed its October 2011 acquisition of Saxon from Morgan Stanley ($17.08 0.83%) in April 2012.
More than $22 billion in
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