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 […]

ocwen

Is OCWEN The Titanic Of Mortgage Servicing?

The Stock Of Once Mighty OCWEN Is Now 13% of It’s All Time High In case you missed it, free lance writer, David Dayen, whose work has appeared in the New Republic and Salon, wrote a great piece about Ocwen’s current financial difficulties due to its legal issues in California and New York. As I’ve written […]

Architect Of “Too Big To Fail” Attempting To Rewrite History

This man made millions suffer: Tim Geithner’s sorry legacy on housing Forget the book tour designed to polish his legacy. Tim Geithner’s record on housing will forever live in infamy David Dayen, Salon As Salon pointed out yesterday, Bush-era economist and Romney advisor Glenn Hubbard claims former Treasury secretary Timothy Geithner lied in his book “Stress Test,” when describing […]

See I Told You The Mortgage Settlement Was Horse Pucky

Mortgage Settlement Is Garbage Last year, when the 49-state AG mortgage agreement with the banks was signed, corporate media praised it, Obama almost broke out his happy feet and mortgage activists celebrated with tears of joy as if it was their favorite contestant won American Idol. But buried deep below all the hoopla from the […]

Did The AGs Confuse Action With Motion On Settlement?

Settlement Is Actually A Pot Filled With Promises Steve Dibert, MFI-Miami The day of reckoning is finally here involving the mortgage settlement with the mortgage servicers and the state attorneys general.  The final settlement which is not yet available or finalized is best described using this quote from Frank Drebin from The Naked Gun,   “I’m […]

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