Move lawsuit against Zillow clears contempt hurdle with settlement

Move lawsuit against Zillow clears contempt hurdle with settlement

Move declares "full steam ahead" in prosecution

Twitter roundup of this week's top housing articles

CFPB heads up the list

Shaky housing market about to get even shakier

When will we all stop kidding ourselves?
W S

Items Tagged with 'Altisource Portfolio Solutions'

ARTICLES

Here are the top 20 for-sale-by-owner markets

Realtors? They don’t need ‘em
Ben Lane
Some of the nation’s most expensive markets are also the ones where homeowners are choosing to eschew the traditional methods of real estate and sell their homes without the help of a Realtor, real estate agent or broker.
Read More

Why did Altisource Residential delay its earnings call?

Working with Altisource Asset Management to “modify” agreement
Ben Lane
In recent weeks, the relationship between Altisource Residential Corporation and Altisource Asset Management Corporation has come under scrutiny from investors. Despite those calls, or perhaps because of them, the two companies’ made a joint announcement Monday to delay the companies’ earnings conference calls.
Read More

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.
Read More

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.
Read More

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.
Read More

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.
Read More

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.
Read More

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.
Read More

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.
Read More

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.
Read More