Cyprexx: Discrimination charges “frivolous”

Cyprexx: Discrimination charges “frivolous”

Fannie Mae contractor responds to charges from National Fair Housing Alliance

Hey CNBC, shut up about millennials already

Your advice is patronizing, contradictory and just plain wrong

Morgan Stanley finally pays $275 million for subprime RMBS fraud

SEC charged company with misrepresenting loans
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Items Tagged with 'Ocwen'

ARTICLES

Ocwen sends mortgage settlement claim forms to 26,000 in Florida

Residents eligible for $17.8 million of total settlement of $125 million
June 30, 2014
“This settlement fund provides Floridians who lost their homes to foreclosure some financial relief for mortgage servicing misconduct and foreclosure abuse,” Florida Attorney General Pam Bondi said.
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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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Ocwen pays Massachusetts $3.7 million to resolve foreclosure claims

$3 million goes to Massachusetts homeowners
June 17, 2014
In its latest settlement, Ocwen Financial Services agreed to pay $3.7 million to resolve claims that it failed to provide certain notices to homeowners in Massachusetts.
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Ocwen Exec: We do not require "gag clauses" for modifications

Nonbank servicers remain on chopping block
May 23, 2014
Contrary to trending reports, Ocwen Financial announced it does not require “gag clauses” for modifications.
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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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Lawsky: Our fight against nonbanks is just beginning

Says homeowners, investors at risk of becoming "fee factories"
May 20, 2014
The banking regulator many in the housing industry fear more than the Consumer Financial Protection Bureau says that he is not taking his eye off nonbank mortgage servicers, and in fact he plans to go a lot deeper.
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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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3 endgames for nonbank servicers in regulatory spotlight

S&P sees three possible scenarios for Ocwen, Nationstar, Walter
May 2, 2014
Standard & Poor’s Rating Services primary credit analyst Stephen Lynch says that while it's difficult to predict what may result from such regulatory scrutiny and related actions, he sees three potential scenarios arising, each of which may differ in their impact on the creditworthiness of U.S. nonbank mortgage servicers.
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New Residential clocks 27% return on MSR investments

Will put more money into mortgage servicing
May 1, 2014
New Residential CEO: "We remain confident that 2014 will be a favorable year for MSR transactions. Large banks will likely continue to sell high-touch servicing, while higher interest rates and a better economic backdrop could further improve MSR values."
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Nonbank stocks fall on news of Ocwen earnings miss

Regulatory costs affecting sector
May 1, 2014
The stocks of nonbank mortgage servicers Nationstar and Walter Investment are feeling the pain of Ocwen's earnings miss.
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