Julián Castro sworn in, spends first day as HUD Secretary

Julián Castro sworn in, spends first day as HUD Secretary

Former San Antonio mayor takes over for Shaun Donovan

Blackstone adviser: Investors worried about ‘serious correction’

Byron Wien still holds his line

It’s official: Zillow will own Trulia

"Better agents make for better advertisers"

Items Tagged with 'Ocwen Financial Corp.'


What’s wrong at Altisource Asset Management?

Stock crashes after company denied at distressed loan auction
June 23, 2014
Altisource Asset Management's stock is plummeting after reports that the company's affiliate, Altisource Residential was shut out of a HUD distressed loan auction.
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Benjamin Lawsky just made it easier to be a mortgage banker in New York

Sometimes he offers you a carrot, not just the stick
June 5, 2014
It’s probably safe to say that Benjamin Lawsky isn’t the most popular guy in some mortgage bankers’ offices these days. But fear not, mortgage bankers…especially those in New York. Lawsky’s office has just made your lives much easier.
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Kroll: Prudent regulation not necessary to check nonbank boom

Cause of the crisis was fraud, not lack of capital
May 28, 2014
Talk is stirring among regulators to develop better regulation over non-bank seller/servicers and require them to hold more capital. But according to one ratings agency, there needs to be a new benchmark.
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Ocwen’s bad day just got worse

Hit with class action lawsuit in Pennsylvania over servicing practices
May 20, 2014
Hours after a regulator promised more nonbank crackdowns, Ocwen got sued in federal court. The group of homeowners allege the company engaged in substandard and illegal servicing practices that violated Pennsylvania state law and RESPA.
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Ocwen names new chief financial officer

15-year GE veteran Michael Bourque takes over for John Britti
May 19, 2014
Bourque, 36, is set to take over for John Britti, who was the company’s previous executive vice president and CFO. During the company’s first-quarter earnings conference call on May 1, the company announced that Britti had been promoted to chief investment officer.
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More than half of Altisource revenue is from business with Ocwen

Sterne Agee likes future for non-bank MSR market
March 25, 2014
Sterne Agee is initiating coverage on Altisource Portfolio Solutions, a provider of servicing tools, with a neutral rating and $125 PT on its outlook for growth for non-bank MSR firms.
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Ocwen stock brushes off more headline risk

Easily survives spate of negative news
March 19, 2014
Ocwen Financial Corp is set to pay $268 million to California residents as part of $2.1 billion settlement of a Consumer Financial Protection Bureau investigation into its servicing practices.
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The truth behind the safety of nonbank servicers

Compass Point: 4 areas show strength
March 11, 2014
Nonbank mortgage servicers are stuck in the undercurrent of a heavy wave of regulator scrutiny and industry surveillance. And as regulators go after nonbanks, the real question remains: Are they justified?
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Ocwen is the biggest loser on the HW 30

Other stocks soar after Yellen paints optimistic economy
February 11, 2014
Stocks surged on Tuesday following Fed Chair Janet Yellen’s optimistic view about the economy, unemployment and the prospect of inflation, helping to raise all major indices.
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CFPB: Servicers still engaged in unfair or deceptive practices

Consumer bureau gets firms to pay $2.6M to settle issues with consumers
January 30, 2014
The Consumer Financial Protection Bureau says between July and October 2013, consumers who complained to the CFPB ended up receiving $2.6 million in payments from financial firms accused of engaging in poor servicing practices.
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