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 […]
Bait & Switch Tactics and Liquidation Of Accounts By Sterling National Bank Are The Everyday Practices Of This “Community” Bank “I have been in the financial arena a long time and I have never witnessed a bank as incompetently run as Sterling National Bank. The Youngblood case is a perfect example of this. Sterling National Bank holds $1.1 […]
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 […]
Understanding Sun Tzu’s Art of War Will Help In Fighting Foreclosures Fighting foreclosures is not hard if you understand Sun Tzu’s The Art of War. AOW has been studied by business leaders, military leaders and world leaders since Napoleon. In addition, it can also help in fighting foreclosures. It’s About Giving The Appearance You Have […]
Ocwen May Have Dodged A Bullet From California But More Trouble Is In Sight On Friday, California’s Department of Business Oversight said Friday that it will drop its effort to suspend Ocwen Loan Servicing’s mortgage license in California because Ocwen Financial has agreed to pay $2.5 million for failing to prove its compliance with state […]
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