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 […]

Oh, Whoa, Whoa, The Bankers Are Cryin’…Again

No, Making Banks Hold More Capital Is Not Going To Wreck The Economy Mark Gongloff, Huffington Post Uh-oh, everybody: Bankers are warning that the U.S. economy could be in deep trouble. Not because bankers wrecked it again, like that last time, but because we are being mean to bankers. Fortunately, these bankers are probably wrong. […]

Bankster Wells Fargo To Muscle Bigger Share Of The Ghetto Loansharking Market

It’s Over For The Little Guy As Wells Fargo Begins Loansharking By Squeezing Out The Locals And Charging $225%-300% APR   “Ask a brother who’s been downsized if he’s getting any deal.  Oh, a brother can work in fast food if he can’t invent computer games but what we used to call America, that’s going […]

GOP To Obama: You Don’t Know Jack About Jack Lew!

Treasury nominee Lew’s history with Citigroup raises questions  Jia Lynn Yang, Washington Post A day after New Year’s in 2008, Citigroup announced that one of its most troubled units had a new chief operating officer: Jack Lew. In a sea of Wall Street traders and hedge fund managers, Lew stood out. He was a career government bureaucrat who […]

Who’s Jack Lew?

White House Chief of Staff Jack Lew Could Be Named As Geithner’s Replacement Steve Dibert, MFI-Miami It appears that President Obama is close to finally naming a replacement for outgoing Treasury Secretary Timothy Geithner.  Bloomberg reports the President will be nominating White House Chief of Staff Jack Lew for the position as soon as this […]

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