OCWEN May Be Booted From California

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 […]

NYDFS

NYDFS & OCWEN Reach Deal: $150 Million Fine W/ CEO Erbey Shown The Door

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 […]

Could Fallout From The NYDFS Investigation Bankrupt OCWEN?

Could Fallout From The NYDFS Investigation Bankrupt OCWEN?

OCWEN Could Be In Serious Trouble If Other States Jump On NYDFS Investigation Bandwagon The backdated letter scandal that has rocked Ocwen Financial and caused it’s stock to lose over 30% of it’s value during the past several weeks is about to become even a bigger nightmare for Ocwen. The investigation that began by Benjamin […]

NYDFS

NYDFS Says OCWEN Began Back Dating Docs In 2010

Ocwen Sends Out Apology Letters Blaming It On A Software Glitch The backdated letter scandal that has rocked Ocwen Financial during the past week is about to become even a bigger nightmare for Ocwen as Benjamin Lawsky’s New York Department of Financial Services has no said that the backdated letters denying homeowners a chance to […]

OCWEN

Frustrated With OCWEN? So Are Their Attorneys

OCWEN’s Own Attorneys & Homeowners Agree: OCWEN Needs To “STOP THE INSANITY!” Homeowners have been emailing us their Ocwen horror stories. The National Mortgage Settlement was supposed to improve customer service. Instead, just the opposite happened. Mortgage servicers realized it was easier and more profitable to sell the servicing rights of the loans. They skirted […]

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