When William Erbey, the executive chairman of mortgage servicer Ocwen Financial (OCN), said last week that trades of servicing rights had ground to a halt, he may have been using a bit of hyperbole.

The overall market remains robust, though trading of seriously delinquent portfolios has slowed, brokers of mortgage servicing rights say. Buyers and sellers of such assets cannot agree on pricing because probes by regulators could result in increased liability, demands for more settlements or even more class-action lawsuits from borrowers.

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