Things at Ocwen just went from bad to much, much worse

Things at Ocwen just went from bad to much, much worse

Embattled company hit with an avalanche of bad news

Pending home sales surge to highest level in 18 months

Buyer demand boosts sales

Foreclosure: The Movie… (finally!) coming to a screen near you

In new film, neighborhood of foreclosed homes drives man insane
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Items Tagged with 'DFS'

ARTICLES

Ocwen volatile over concerns company could lose existing servicing

Sterne Agee: Continues to rate OCN neutral
Trey Garrison
Ocwen's stock has been volatile but Sterne Agee continues to rate the company neutral despite investor concerns. Here are the details.
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It takes a brave soul to step into MSRs

Reward or no, the regulatory risk is ridiculous
Trey Garrison
There has to be an easier way to make a living for people working in the mortgage servicing space, be they servicers, securitizers or even investors.
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Mortgage servicers reportedly aren't complaining about new regulations

"The world did not stop spinning on its axis after Jan. 10," panelist says.
Trey Garrison
The tension between regulators and those in the mortgage servicing space is colored by mistrust of motive, fear of overreaction, and the general worry that perhaps, in some cases, regulators don't fully understand the very industry under their aegis.
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6 questions for an MSR industry under assault

Risk, reward assessment thrown off by regulatory uncertainty
Trey Garrison
FBR Capital Markets take a detailed look at the world of MSRs – the regulations, the risks, and the rewards – especially given a hostile regulatory environment and questions about what else could be coming down from Capitol Hill.
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Lawsky letter condemns alleged Ocwen conflicts

It's about more than a $2.7 billion MSR deal
Trey Garrison
The “regulator with zeal” heading New York’s Department of Financial Services says Ocwen Financial has a “number of potential conflicts of interest” with other public companies it’s dealing with, and he wants his questions answered.
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Nationstar hungry for more MSRs

But only as long as the numbers work
Trey Garrison
Nationstar said they see a great opportunity in MSRs but they aren't going to be acquiring just for acquisition's sake.
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Where does Benjamin Lawsky get the right?

Here's how a New York regulator is able to swing far beyond state lines
Trey Garrison
Who is this Benjamin Lawsky person and why is he jumping into all of these national and international deals?
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