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Items Tagged with 'Altisource Portfolio Solutions'

ARTICLES

Altisource opens real estate investor cooperative

Solutions brings together a fragmented market
Brena Swanson
Altisource Portfolio Solutions, a provider of real estate technology, announced its latest housing venture, this time to ease the financial burdens and struggles rental investors face, especially mom-and-pop investors.
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From HW Magazine

Ocwen's terrible, horrible, no good, very bad year

How 2014 rocked Ocwen Financial to its core
Ben Lane
“The existence and pervasiveness of these issues raise critical questions about Ocwen’s ability to perform its core function of servicing loans.” Lawsky said in the letter that in light of these serious issues and the likelihood that thousands of new, inaccurate records are created with each passing day, Ocwen has not approached this problem with the urgency it demands.
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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.
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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.
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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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