ocwen

California Settles With OCWEN For A Meager $2.5 Million

Ocwen May Have Dodged A Bullet From California But More Trouble Is In Sight On Friday, California’s Department of Business Oversight said Friday that it will drop its effort to suspend Ocwen Loan Servicing’s mortgage license in California because Ocwen Financial has agreed to pay $2.5 million for failing to prove its compliance with state […]

Obama Administration Concedes to “Too Big To Jail”

Mark Gongloff, Huffington Post One of the great things about being too big to fail is that you’re also too big to jail, apparently. So saith the Obama administration, via the New York Times, in its front-page story on Tuesday about HSBC’s settlement with the government over money-laundering charges. Though the British banking giant had to pay […]

Who has a deeper sense of fairness, a mortgage banker or a chimpanzee?

Jeff Wise, BigMoney.com In this corner, Pan trogolodytes, or the common chimpanzee. In the other, an American mortgage banker. Which has a more highly evolved sense of fairness? Thanks to a combination of psychological experimentation and economic happenstance, the truth can now be known. In effect, both chimpanzees and bankers have been made to take to […]

Wall Street

Wall Street says Hey, Main Street We’re Taking Your Jobs!

Wall Street Traders Tell Main Street To Quit Complaining  One of my contacts on Wall Street sent me a copy of this email that has been floating around. Let me know if anyone knows who wrote this. I want to hire them as a writer for this site. I like their in-your-face style! To Main Street […]

Frank Rosemberg

The Real Reason Mortgage Servicers Won’t Modify Your Loan

Mortgage servicers are ripping off not only homeowners but the pension funds and hedge funds   Steve Dibert, MFI-Miami Exclusive I began working on this project last year at the peak of the modification frenzy and finished it about a month ago.  I originally planned on posting it last week on the eve of the […]

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