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 […]
OCWEN Fight With California Could Be More Damaging Than NYDFS Fight As OCWEN executives and shareholders begin to breathe a sigh of relief now that they have settled with the state of New York and showed CEO William Erbey the door, the lender could be facing more serious trouble on the horizon. The state of […]
1st Step In Crackdown Against Foreclosure Mills Committing Mortgage Document Fraud Osceola County Clerk of the Courts in suburban Orlando has begun looking into mortgage document fraud. They are reviewing mortgage and foreclosure filings looking for Mortgage Document Fraud filed by lenders and foreclosure mills. The Clerk has no legal authority to sue the individuals or entities involved […]
As NY Foreclosures Rise More Homeowners Are Using Lawyers To Fight For Their Home Filings for NY foreclosures have steadily increased since 2011. This is according to the New York State Office of Court Administration. The data also shows the number of homeowners represented by legal counsel has also spiked. Roughly 44,469 NY foreclosure filings […]
NYDFS Forces OCWEN To Show CEO Erbey Shown The Door James Sterngold and Alan Zibel at the Wall Street Journal report that the New York Department of Financial Services and Ocwen Financial have reached a settlement in the NYDFS’s claims of servicing fraud against New York homeowners. As part of the deal, Ocwen also will […]
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