Cuomo Admin Requires OCWEN To Install Monitor

Exam Finds Indications that Problems Remain at Ocwen From New York State Department of Financial Services Superintendent Benjamin M. Lawsky today announced that the Department of Financial Services is requiring Ocwen Financial Corporation to hire a monitor to ensure that the company complies with an agreement to reform its mortgage servicing practices. The action was […]

Judge tosses foreclosure suit by ‘living dead’ bank IndyMac

Nate Raymond, Reuters Something scary has been haunting a homeowner facing foreclosure in Brooklyn — a “living dead” bank that a judge compared to Dracula. In a decision Thursday involving an apparent case of robo-signing, Kings County Supreme Court Justice Arthur Schack questioned how the failed thrift IndyMac Federal Bank could have initiated a foreclosure […]

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