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 […]
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 […]
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 […]
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 […]
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