Ocwen Financial Loses $2 Million In Loss Mitigation Arbitration Case Involving PHH Mortgage Subsidiary PHH Mortgage and it’s parent, Ocwen Financial loses $2 million to a homeowner in a consumer fraud case. Plaintiffs allege PHH and Ocwen denied their client consumer loss mitigation. They also claim the company refused to follow Freddie Mac guidelines to […]
Ocwen Financial Owned Liberty Reverse Mortgage Has Record Losses In 2nd Quarter. Executives at Liberty Reverse Mortgage owner Ocwen Financial are worried. Why? Ocwen says the reverse mortgage unit recorded a pre-tax loss of $26 million in Q2 2022. This is in comparison to a profit of $6 million one year prior. Liberty Reverse Mortgage […]
After Jerking Around A Disabled Combat Veteran For Nearly A Decade, PHH Mortgage Plans To Evict Him On Christmas Eve Being sick from toxic fumes he didn’t know he was inhaling was the last thing disabled combat veteran Kevin Elkins was thinking about while sitting in the Saudi Arabian desert almost 30 years ago. Elkins […]
Ocwen Financial Drops The Name Ocwen. It Will Now Operate As PHH Mortgage And Liberty Home Equity Solutions Ocwen Financial announced earlier this week it was following in the footsteps of Nationstar and changing their name. The company says that it has developed a plan to service loans through two primary brands. The mortgage servicer […]
Ocwen Financial Stock Plummets Faster Than Contestants On A Japanese Game Show. Is New Boss From PHH To Blame? Ocwen Financial saw its stock plummet last week by more than 17%. The company reported a net loss of $41 million or $0.31 per share for the third quarter of 2018. Ocwen Financial shareholders wonder if […]
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