For years, the rush to the bottom in acquisitions by Mr Cooper with Xome, Caliber with Hudson Homes - Northsight and New Residential with Altisource - Chronos - Guardian has been a full speed ahead endeavor. In fact, there is no argument when it comes to the desire to control the entire lifecycle of the US mortgage market. And fueling this has been, at least recently, access to nearly unlimited quantities of close to zero percent money. With razor thin margins, loan after loan after loan has been financed to purchase up large swaths of the mortgage sector . . .
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