So we are investors in Ocwen because what happened we sold them Homeward Residential. They took over $2.25 billion of debt of mostly debt funding advances, and then they gave us, the deal was $750 million of equity, of which $160 million was a convertible preferred in Ocwen, which has worked out very well. It had a $35 strike price, and the stocks are now in the 50s. So we really don't have any direct participation in anything but Ocwen itself.
I see. And the last I spoke to you was just shortly after the day the deal was announced with Homeward. You were very bullish on Ocwen.Ross: Yeah. That's right. TheStreet: Yeah. What's your biggest concern that could sort of derail the bull case for Ocwen? Ross: Well I think it's very, very hard to see anything that could totally derail the case. It's one of the few, and mortgage Servicing is one of the few businesses that benefits from rising interest rates, and it's especially one of the few mortgage-related businesses that related from it. I don't know if you understand that aspect of it or not, but if not I'll be glad to explain it to you. TheStreet: Well, I think I do just in the sense that, you know, as rates rise people aren't going to refinance. So you hold on to the value of the MSRs
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