More troubling signs point to potential increase in defaults

More troubling signs point to potential increase in defaults

And yet we introduce a 100% LTV mortgage

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Regulatory environment huge barrier to entry
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Items Tagged with 'Altisource Portfolio Solutions'

ARTICLES

Altisource Portfolio Solutions reports 2014 net income of $134.5 million

Ocwen’s troubles force cutbacks, including layoffs
Ben Lane
Despite its business taking a hit due to Ocwen Financial’s regulatory troubles, Altisource Portfolio Solutions still reported a 3% increase in net income in 2014, with the company’s income rising from $129.97 million in 2013 to $134.49 million in 2014.
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Capstone demands Altisource family divorce

Calls for Altisource Residential to terminate Altisource Asset Management agreement
Ben Lane
Over the last few months, Ocwen, Altisource Portfolio Solutions and Home Loan Servicing Solutions bore the brunt of the regulatory and investor scrutiny — Altisource Residential and Altisource Asset Management escaped mostly unscathed. But now, Altisource Residential is the target of an investor who’s demanding an Altisource family divorce.
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Altisource’s Lenders One partners with Mortgage Quality Management & Research

New vendor will provide business advisory services to members
Ben Lane
Through the arrangement, Mortgage Quality Management & Research will offer risk mitigation, third-party vendor compliance and business advisory services for the nearly 275 members of Lenders One.
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Ocwen sued by investors for mortgage payment negligence

Preparing to sue embattled nonbank
Ben Lane
Some of the country’s biggest mortgage bond investors, reportedly including BlackRock, MetLife, and Pimco, are preparing to sue Ocwen, saying that the beleaguered nonbank failed to properly collect payments on $82 billion of home loans.
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Altisource adds John Vella as chief revenue officer

Tasked with expanding Altisource’s mortgage and real estate services
Ben Lane
As part of the company’s efforts to shape its future, Altisource Portfolio Solutions announced that it appointed John Vella to the newly created position of chief revenue officer. In this new role, Vella will focus on the company’s growth initiatives and diversifying the reach of Altisource’s product suite to the real estate and mortgage industries.
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How much will Ocwen pay William Erbey to leave?

Can't disclose any industry secrets
Ben Lane
William Erbey may be leaving Ocwen Financial behind after being forced to resign from his position as executive chairman as part of a massive settlement with the New York Department of Financial Services, but he is not leaving empty-handed. Far from it, in fact.
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Altisource CEO: We’re committed to supporting Ocwen

Company executives preach calm to investors
Ben Lane
Executives from Altisource Portfolio Solutions attempted to calm the company’s investors in a call Friday, sharing their preliminary view of the fourth quarter and their plans for 2015. The company stands shaken after its chairman, William Erbey, was forced to resign as part of $150 million settlement with the New York Department of Financial Services.
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Ocwen stock eviscerated by threat of California license suspension

Beleaguered company says it’s cooperating with California
Ben Lane
To say that Ocwen Financial took a beating on Wall Street Tuesday would be the understatement of the century. The company suffered a loss of more than $550 million in value after news that the state of California was seeking to suspend its mortgage license.
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Here’s what Ocwen did wrong

A deeper dive into the NYDFS allegations and settlement
Ben Lane
Many industry observers were waiting for the other shoe to drop when it came to Ocwen, and Monday it finally fell, right onto the head of William Erbey, Ocwen’s now-former chairman. A deeper look at the NYDFS investigation reveals just what Ocwen did wrong and the additional sanctions that could crush Ocwen’s business.
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Altisource stock crashes after terminating lender-placed insurance business

So much for that Lawsky-related bump
Ben Lane
Citing “uncertainties with industry-wide litigation and the regulatory environment,” Altisource announced that it would be exiting its lender-placed insurance brokerage business early Wednesday morning. The news sent Altisource's stock crashing to a yearly low.
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