In March, Ally Bank said it agreed to sell MSRs with UPB of USD34bn to Quicken Loans for USD280m and MSR with UPBA
ofA USD90bn to Ocwen for USD585m, with the prices beingA estimatedA as at end-January.Country: USASector: Banking/Financial ServicesTarget: MSRsBuyer: Quicken Loans Inc, Ocwen Financial Corp Vendor: Ally BankDeal size in USD: 850mType: DivestmentStatus: ClosedComment: Deal size refers to aggregate proceeds from the sales.
What is even more baffling is the fact that the entire process was done without consulting the Uttar Pradesh Badminton Association ( UPBA).
" It is very strange that a tournament that we have been conducting for the last 19 years has been taken away without even consulting us," said Vijai Sinha, secretary of the UPBA. The UPBA secretary also felt that the tournament, which began as an All India level event, had been developed and nurtured during all these years.