Ocwen Shares Plummet As Ocwen Expected To Post A Loss For 2015 Ocwen shares will lose another 53 cents a share because as the company itself predicted just last month, Ocwen is now in a position to record a loss in 2015 after it announced Wednesday that Ocwen will post a net loss of $66.8 […]
Ocwen Robo-Witnesses Have No First-Hand Knowledge Of Homeowner’s Mortgage The law firm representing Deutsche Bank National Trust Company in a Florida foreclosure action are demanding that the homeowner’s attorney, Thomas Ice be removed from the case because Ice accused Deutsche Bank of using Ocwen Robo-Witnesses in foreclosure cases. Ice alleges the expert witnesses from Ocwen Financial, who […]
After Unloading nearly $64.4 Billion In Servicing Rights, Ocwen Still Faces Problems Last week on the heels of Ocwen’s announcement that it was selling $45 Billion in mortgage servicing rights to JPMorgan Chase, Ocwen announced it was selling $9.6 Billion in servicing rights to Walter Investment Management Corporation, the parent company of Green Tree Loan Servicing. This is on […]
Ocwen Under Fire For Mishandling Mortgages They Service Last month the bondholders of 25% Voting Rights in 119 Residential Mortgage Backed Securities Trusts with an original balance of more than $82 billion issued a Notice of Non-Performance to the Trustees of those Trusts,Securities Administrators, and/or Master Servicers, regarding the material failures of Ocwen Financial Corporation […]
Wells Fargo Must Pay $4 Million For Credit Card Violations More Than 1,300 New Yorkers Expected to Receive Restitution Payments Averaging Approximately $1,600 Governor Andrew M. Cuomo today announced that Wells Fargo Bank will pay a $2 million penalty and provide approximately $2 million in direct consumer restitution payments for violations uncovered by a […]
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