Under Pressure From The NYDFS, Ocwen Ends Forced Place Insurance Policy

Kevin Dugan, NY Post Billionaire Bill Erbey is starting to bend. Bowing to months of regulatory pressure, Altisource Portfolio Solutions — part of a web of Erbey-controlled companies with ties to mortgage servicer Ocwen Financial — will stop imposing a costly type of mandatory insurance on homeowners. The company is discontinuing the practice “given the […]

What’s wrong OCWEN’s Altisource Asset Management?

Ben Lane, Housing Wire It hasn’t been a good day for Altisource Asset Management Corp (AAMC). In fact, the day is looking downright catastrophic. The company’s stock is currently trading at $840 per share, which is down more than $259 for the day. The company’s stock has lost more than 30% of its value in less than […]

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